Southampton could be taken over by a consortium of seven businessmen, according to BBC Radio Solent. A spokesman for the group has revealed it is within four weeks of approaching the board with an offer.
The spokesman has told BBC Radio Solent that funds will be made available for player purchases, and that they will be able to repay the club's debts.
It is thought it will cost about �11m to buy a controlling share interest in Southampton.
The Saints board only own 20% of the total shares in the club, with only 6% in chairman Rupert Lowe's name.
Paul Thompson, the former West Brom chairman, is the biggest single shareholder with 11 %.
The consortium hopes to complete a total issued capital takeover and receive backing of business and individual shareholders.
MMIX
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