James Watt, who calls himself the 'world's worst boss' and is married to reality TV star Georgia Toffolo , is assembling financial backing from external investors to buy back the Scottish brewer.
The writer and comedian, 52, finished in third place on the 2017 series of the ITV show, which also featured the likes of Rebekah Vardy, Georgia Toffolo, Jamie Lomas and Stanley Johnson.
As parties go, few can rival the Spectator's for its heady mix of wealth, power, and old-school glamour, with past guests including Dame Joan Collins and Georgia Toffolo.
Dance The Night singer Dua Lipa, 29, who has won several Brit Awards and three Grammys , is 34th on this year's Sunday Times 40 Under 40 Rich List, with an estimated wealth of £115million.
The Made In Chelsea star, 30, previously won rival reality show I'm A Celebrity back in 2017, and have the chance to do it again on the BBC dancing contest, as she is said to be in talks to appear.