Brighton chairman Dick Knight insists that his Birmingham counterpart David Gold has not contacted him to express any interest in investing in Brighton.
Gold had been linked with a possible future investment in the Seagulls.
Under FA and Football League rules, he cannot invest in another club while he has a shareholding in Birmingham.
"David Gold has made no contact with myself or anyone directly connected with the football club," Knight told BBC Southern Counties Radio.
"He has done a fantastic job at Birmingham and respects what we have done. I would be happy to sit down and have a chat with him."
However, Gold and his fellow directors - his brother Ralph Gold, David Sullivan, Karren Brady and Roger Bannister - all sold some of their shares to Hong Kong businessman Carson Yeung over the summer.
Yeung is now the Blues' largest single shareholder, owning 29.9% of the company, while the Gold brothers hold 23.22% - having sold 14.81% to Yeung.
But if Gold were to dispose of his remaining shares, he would be free to buy into another club.
Knight added: "The present board has picked the club up by its boot straps and invested £9m.
"I've always known once the battle for the stadium was won by the club and supporters, then all sorts of potential investors would emerge"
"Myself and the existing board have a job to complete to deliver the stadium and I am going to do it... most Albion fans would agree I have every right to do so.
"Anyone who's got any sense about trying to take over Brighton right now would be foolish. We have a long-term relationship with the council for example.
"I am never going to say I would cling on to power - but I don't see why this is a debate now."
Albion chief plays down Gold link
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