Former Bolton Wanderers striker Dean Holdsworth is in the box seat to buy the club, with news that Eddie Davies has apparently given the Sports Shield consortium short-term exclusivity.
Sports Shield will therefore have sole rights to conclude the financial and contractual matters necessary to complete a deal for the club. This is expected to go through in the next few days, just in time for Wanderers' High Court date over unpaid taxes to HMRC on Monday.
Davies held talks with Sports Shield's rival bidder Roger Tamraz this week, but the Egyptian billionaire clearly failed to convince the outgoing owner. This means his focus has now reverted back to Holdsworth's group following months of negotiations between the two parties - as we reported back in November.
Holdsworth is widely expected to take up the role of Chairman should the deal go through, having been openly linked to the consortium since quitting as manager of Brentwood Town in November.
We'll bring you more on this and any further takeover updates when we have it.