Alex Cowdy is being tipped to return to his role as chief executive of Blackpool Football Club.
Last month, Cowdy was removed from his post and was controversially replaced by Sam Oyston.
However, Sam left the role on Tuesday - just 28 days after his appointment - meaning the post is now vacant once again.
Cowdy attended Blackpool’s fixture at Wigan Athletic on Tuesday night, the same night as it was announced Sam had left his role, leading to speculation among fans that he was due to return.
He tweeted after the 2-0 win: “Three points and a clean sheet” alongside a tangerine emoji.
It is understood individuals at the football club are pushing for Cowdy to be reinstated.
However, Owen appears reluctant to make a move until he makes a decision on whether or not to take out a £25m loan.
Commenting on the rumours, Cowdy told The Gazette: “I attended the Wigan match on Tuesday night, purely as a fan and was delighted with the result.
“I put a huge amount of hard work into the day-to-day running of the club over the past couple of years, so I obviously hold a strong affinity with Blackpool and I’m desperate for the club to achieve success in the future.
“I’m currently spending some time with my wife and baby, as I feel like I’ve barely switched off in the last 15 years.
“I’m considering a number of opportunities, however if it’s true that people would like me to return to the club, that’s flattering.”
Cowdy's departure was announced on the club's website less than an hour after the first team had drawn 0-0 with Bristol Rovers at Bloomfield Road, with the club confirming he had left his role with “immediate effect”.
Cowdy released a statement via Twitter, but he didn’t comment on why he left the club and made no reference to the club's owners, the Oyston family.
The statement read: "Following my departure from the position of of chief executive/club secretary at Blackpool FC, I would like to send my thanks for the many kind messages and well wishes I have received.
"I would like to thank the manager Gary Bowyer and all the staff for their hard work and send my best wishes for the rest of the season.
"I joined the club as club secretary in March 2016, taking on the additional responsibility of chief executive three months later.
"I have thoroughly relished the challenge of overseeing the day-to-day running of Blackpool FC and feel proud to have been part of the promotion to League One achieved at the Wembley play-off final in May 2017.
"I wish the club and its supporters all the very best for the future. Up the Pool!"
The club moved swiftly to appoint Steve Edwards as their new secretary and he still remains in the role.
Edwards, who currently works as a youth team administrator, had previously worked as secretary at Fleetwood Town for 11 years.
As previously reported, Owen is still deliberating whether or not to borrow the money required to pay off former director Valeri Belokon.
Oyston, owner since 1988, is desperately clinging onto control of the football club.
It is understood the loan, if Oyston opts to take it out, will be against the same money lender that lent him £5m to help fund December’s original £10m payment to the Latvian millionaire.
The Gazette also understands Oyston will use the loan as a means of biding time while he attempts to sell some of his assets.
It would be a huge risk given the interest on the repayments could be as high as £375,000 a month.
Belokon’s lawyers have informed his representatives that Oyston is considering borrowing the money but “time will tell” if he actually goes ahead with it.