The Red Knights consortium has convened to finalise plans to launch a takeover of Manchester United and are hopeful terms of an offer will be ready this week.
However, the group of wealthy United fans, which includes Goldman Sachs chief economist Jim O'Neill, a former United director, and Mark Rawlinson, a partner at leading London law firm Freshfields, do not expect to make a formal bid for the club before the end of the season.
Wednesday's talks were held to confirm exactly where the money will come from to fund a bid and to determine the level of fan involvement in the proposed ownership structure.
The Glazers bought United for £800 million in 2005 but loaded debt on to the club - the total debt now tops £700 million.
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