Glenshee went into administration in May

The centre was put up for sale after suffering a drop in business because of a lack of snow.

Receivers KPMG have confirmed that it could now be sold to a team led by the resort's operations manager, Graham McCabe, by the end of the month.

Resort operator, the Glenshee Chairlift Company, which also ran the Glencoe centre, went into receivership in May.

Joint receiver Blair Nimmo, said: "We are delighted to be able to make this announcement, and are confident that the sale will complete by the end of July, which will save many important permanent and seasonal employment opportunities as well as a vital source of economic prosperity in the area."

KPMG said further details of the deal had to remain confidential until the completion of formal legal agreements.

The resorts, which were put up for sale in February, suffered combined losses of approximately �1m in 2002/03 and 2003/04.

The Glencoe centre was sold at the end of last month.