Crawley Town say they are close to agreeing a takeover with an overseas-based business consortium and hope to finalise the deal in early February.
The League Two club have been in talks with the group - which the BBC reports is European - since October.
A club statement said: "The board and Paul Hayward, our benefactor, have been looking for fresh investment since 2013 to help take the club further forward."
The West Sussex club were first put up for sale in March 2013.
The Reds were then in League One and were looking to gain the "further substantial funding" needed to win promotion to the Championship.
But last season Crawley were relegated to League Two, with Mark Yates then appointed as their new manager.
The statement continued: "Subject to the ratification of legal agreements and Football League approval being granted, the club hope to be finalise the takeover early next month.
"The board firmly believe that the consortium have the ability to build on our achievements to date."
The continued talks mean no new signings are likely to be made before Monday's transfer deadline.