Championship side Bolton understood to be in takeover talks.
Thai entertainment company BEC-Tero and Siam Sport Syndicate have previously been linked with a joint bid.
"I don't know about selling the club, but I know Phil Gartside is in Thailand to discuss a proposition from some Thai businessmen," Bolton manager Neil Lennon said.
"I've no idea what the ins and outs of it are, I'll know more when Phil comes back."
Businessman Eddie Davies currently owns Wanderers through parent company Burnden Leisure PLC, who last December announced they were £163.8m in debt.
Gartside has previously played down the significance of the amount of debt because more than £150m of the £163.8m figure is owed to Davies.
Former Celtic manager Lennon, 43, only took over at Bolton last month after Dougie Freedman was sacked.
"Is the takeover a concern? Not really. But it is strange that this has happened so soon in my tenure if you want to put it that way," added Lennon.
"I'll sit down with Phil and discuss what the situation is.
"But if it is the best thing going forward for the club then so be it."
Ironically, Bolton host Cardiff City on Tuesday night - the later owned by colourful Malaysian businessman Vincent Tam who has poured millions into the Welsh club since he took over and famously changed their blue strip to red.