Ex-Accrington Stanley chairman Ilyas Khan is prepared to head a consortium to take over at relegated Blackburn if current owners Venky's want to sell.
Venky's have come under huge pressure from Rovers supporters since taking control of the club in November 2010.
But they say they have no plans to leave Ewood Park despite relegation.
"If they were [prepared to sell], I would be honoured if I could facilitate a transfer," Khan told BBC Radio Lancashire.
Khan, who and relinquished his shares in the League Two club earlier this month, has held meetings with willing investors and joined forces with local businessmen Ian Battersby and Ian Currie, who run corporate finance and capital-raising company Seneca Partners.
And Khan, who helped to save Stanley from extinction in 2009, said he would be happy to be the figurehead of a takeover, providing Venky's consider selling the club as a viable option.
"I respect the fact Venky's are the current owners, but at some point during the close season, I think it will become clearer whether their long-term intentions are to stay where they are," he said.
"I read the statement they put out last week that the family is in love with the club and want to see it through.
"If that is their intention, there is no time to be spent on this endeavour.
"If they were to decide that it's time for them to move on to a different business venture, I think our consortium is the only one that could turn this into a success for the town."
Blackburn are preparing for life in the Championship for the first time since 2001 after finishing 19th in the Premier League.
Manager Steve Kean, following their relegation, is set for talks with the owners in India later this week.