Karren Brady yesterday dismissed reports that she had handed in her notice at Birmingham City FC.
The managing director denied speculation that she had asked to leave St Andrew's, saying simply: "That's not the case."
The 37-year-old declined to comment further on speculation surrounding her job. A spokesman for the football club also confirmed that Ms Brady had not given notice to quit.
Rumours that the Championship promotion contenders' managing director will take up a job running London's top radio station, Capital, have been rife for more than month. It was also suggested yesterday that a number of other companies may be courting Brady since it became known she could be leaving.
In an interview recently she described Capital as "a fantastic, iconic radio station".
She said she grew up listening to the station, adding: "I think the person that had the opportunity to give it back its credibility and soul – that would be a fantastic job.
Ms Brady added: "For me, I've got a 12-month contract with Birmingham and I'm a very honourable person."
She has confirmed the approach from Capital and that she was discussing the move with the Blues board.
It is understood the Blues board could insist on Ms Brady serving out her full 12 months' notice.