Birmingham City chairman David Gold insists he has no immediate plans to invest in League One side Brighton.
It is widely anticipated that he will leave St Andrew's when Carson Yeung completes his takeover of the Blues but Gold has cooled reports linking him with the Seagulls.
"My fiancee Lesley and I have a house near Brighton, but I have not expressed an interest in investing in the Brighton club," he told Albion's official website.
"Dick (Knight) and I had an interesting discussion covering many issues.
"I admire what has been achieved at Brighton, but I'm still the majority shareholder with my business partner of Birmingham City, and until I sell my remaining shares it would be inappropriate for me to say anymore.
"What the future holds for me in football will depend on what happens at Birmingham. If I leave, there are clubs I'd be interested in talking to, but they would have to be in the south."