Two Russian tycoons are interested in buying collapsed car manufacturer MG Rover.
The millionaire owner of sports car maker TVR, Nikolai Smolenski, has approached administrator PricewaterhouseCoopers (PWC) about buying the Longbridge-based group.
Russian billionaire Oleg Deripaska, reportedly a close friend of Chelsea owner Roman Abramovich, has also told PWC he is interested in acquiring the business.
PWC has said it is seriously considering two approaches for MG Rover, with one of them believed to be from Iranian car maker Dastaan.
PWC has said the other credible expression of interest had come from a Russian group, but declined to identify it.
A spokesman for PWC said the administrators had received expressions of interest in MG Rover from companies in a number of countries including Russia, but was unable to comment further.
Mr Smolenski has a personal fortune of £52.5 million and paid £15 million for TVR last July.
The "baby oligarch" is in his mid-20s and is the son of banking tycoon Alexander Smolenski, one of Russia's richest 100 men and a funder of former Russian president Boris Yeltsin in the mid-1990s.
Nikolai Smolenski is thought to have toured Longbridge last week to take a detailed look at the assets on offer and is said to be interested in making the group's full range of cars.
When he bought TVR last year, he was reported as saying he had always been a fan of British car manufacturing and believed the best automotive designers and engineers were in the UK.
PWC apparently believes there are sufficient intellectual property rights remaining in MG Rover for a car-producing business to be sold, despite Shanghai Automotive Industry Corporation's (SAIC) ownership of rights on the Rover 75 and 25 models and two Power-train engines.
Mr Deripaska already owns Ruspromavto, which makes the Volga car, and is poised to send in his accountants to look over MG Rover's books as a prelude to a bid.
Mr Deripaska, who is thought to be worth more than £4 billion and made his fortune in metals after buying the world's second biggest aluminium producer, Russian group Rusal, is believed to be keen to develop his British interests and has bought a £25 million property in London's Belgravia.
Deripaska was impressed by Rover's 25, 45 and 75 models, Ruspromavto's deputy chairman Alexander Yushkevich said.
"MG Rover has some interesting models, which in Russia are more popular than, for example, Fiats," he said.
MG Rover went into administration with the loss of 5,000 jobs last month after its proposed Chinese partner SAIC pulled out of a potential rescue deal.