Plymouth Argyle are continuing takeover talks with board member Yasuaki Kagami, a Japanese businessman.
Pilgrims chairman Paul Stapleton confirmed that the talks will conclude by mid-June.
The discussions will take place with George Synan, the director of Kagami's Shonan Management Corporation.
"We've got to do what's best for the football club. That's why we're taking our time. We have to make sure the club is protected," Stapleton said.
"My personal opinion is that if anything is concluded, it won't be concluded before the board meeting on 15 June," he added.
Kagami has been a director of the Pilgrims since April last year.
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