Blackburn have confirmed they have held a "cordial and productive meeting" with Indian businessman Ahsan Ali Syed's company over a proposed takeover.
Bahrain-based Syed, owner of Western Gulf Advisory, confirmed on Monday that he was keen to buy the Lancashire club and said he wanted to give manager Sam Allardyce a transfer kitty of up to £100million.
Syed also said he would like to complete the takeover inside the next fortnight but Rovers have not made any other comment apart from confirming the talks are continuing.
A club statement read: "Blackburn Rovers can confirm that officials have held a cordial and productive meeting with Western Gulf Advisory (WGA) staff and advisers concerning a proposed takeover of the club. The process is ongoing."