Mexican retail and media tycoon Ricardo Salinas Pliego owns 28 percent of Circuit City and could buy more of the troubled U.S. electronics chain, a Salinas spokesman said on Tuesday.

"Up to date, Mr. Salinas has purchased just under 28 percent (of Circuit City)," Luis Nino de Rivera, a spokesman for Salinas' business group, told Reuters.

Asked whether Salinas could buy more Circuit City Stores Inc (CCTYQ.PK: Quote, Profile, Research, Stock Buzz) stock he said: "It is possible, of course."