It is being claimed the American based Hedge Fund has acquired all of Tom Hicks' shares to go along with those of George Gillett, which it already owned.
It is further claimed that if they repay all outstanding loans to RBS before the set deadline, they will by default become the new owners of LFC, nudging out New England Sports Ventures.
However the Echo understands the move would not signal Hicks and Gillett returning to ascendancy in the battle for the Reds.
Instead it is believed Mill Financial, in turn owned by Springfield Financial who have links with the Washington Redskins American Football team, may be acting on behalf of another, as yet unnamed and unknown group who have put themselves in a position to move in at the 11th hour and take over the club.