Balmain will consider approaching British billionaire Marwan Koukash for financial assistance in a bid to continue as an active partner in the Wests Tigers joint venture.

Koukash has reiterated his desire to become an owner of an NRL club and has been linked to Newcastle. However, the governing body is wary of handing over control to private investors given the dramas at the Knights under Nathan Tinkler.

Deep pockets: Marwan Koukash says there are many opportunities for him to get involved in an NRL club. Credit:Getty Images

While Koukash, who already owns Super League franchise Salford, prefers to become a sole owner of an NRL club, he has previously told Fairfax Media he would consider a shareholding arrangement.

That could make Balmain a viable option for the former Palestinian refugee given his desire to be involved in elite rugby league in Australia as soon as next season.