The government is being urged to block a planned takeover of the city by a man who used to work there.
Bassini is confident of doing a deal.
Vong Pech, the club's largest shareholder, sold a 21.6% stake in the club.
The statement didn't specify who the sale was to.
Bassini served a three-year ban from football and was declared bankrupt twice.
The Labour Member of Parliament for Ladywood doesn't think the sale should be approved.
I am not happy to read that a deal is close to being done to purchase the football club.
Blues fans have watched in horror as the club has been ravaged by mismanagement.
I was hopeful that the club would turn a corner after meeting with officials.
Bassini has a history of legal actions against struggling clubs. Football needs a robust process to decide who can be a club owner or director due to his track record.
If the government really wanted to put football fans first, they would stop this deal from happening.
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