Former Aston Villa chairman Doug Ellis is convinced Carson Yeung was involved in a consortium that competed with Randy Lerner for the club's ownership last year.
Ellis told the Birmingham Mail: "I don't regret selling to Randy. I am very friendly with him. He found no debt, other than the usual bank facility. That's why he bought it.
"Three of the 'predators', as I called them, were borrowing money. I wasn't sure if Gillett was at the time, but it transpires he was.
"Then there was a Canadian, of Syrian-Armenian abstraction, Jack Kachkar, a nice enough chap. He was keen and has subsequently bought Marseille FC.
"Another, an Indian gentleman, arrived with two brokers and two lawyers. We had two or three secret meetings away from the football ground at the Newhall Hotel.
"He said he was going in 50/50 with a businessman from Hong Kong, it could have been Carson Yeung, I don't know as I never met him, but my feeling is that it probably was."
Morgan, aged 54, spoke glowingly of his love for Wolves after taking over the club in August, but it appears they weren't the only Midland club he had his eyes on.
"Steve is a big Liverpool man who has done exceptionally well with Redrow," said Ellis. "I know him socially very well. He has always had a crew around him at football matches. I hope he will be good for Wolves.
"He was interested in Villa and came to see me with his accountants. He was not really a serious player. He wasn't one of the 'predators'. He didn't make an offer.
"He spent time looking at the Siemens and Serpentine land plots and at our training ground.
"He was interested in the land, as far as I could see it, at the time when he was fighting to buy out Moores at Liverpool."
