A consortium led by Charlie Methven have made a formal bid to buy Oxford United reports the Oxford Mail.
The bid has been sent to current owner Ian Lenagan and the consortium are awaiting his response.
Speaking to the Oxford Mail Methven said “A bid has been lodged,”
“The details of that are confidential, but we are clear in our objective which is that we want the best for Oxford United Football Club.
“We believe we have a plan that will enable this to happen.”
He added: “I hope that Ian Lenagan takes our bid very seriously.
“We are not people who will disappear in one, three or five years, we would be in this for the long haul.”
The consortium was given a major boost when Stewart Donald a big fan of the club and a very wealthy businessman announced he would be backing the consortium.
Donald already owns Eastleigh in the conference and has said any potential takeover will not affect the Conference club in any way.
“I was approached by Charlie Methven about helping them out, and I have agreed to do this,” Donald said.
“I am a huge Oxford United fan and feel that the club are at a critical stage of their future.”
On Eastleigh he said “It does not impact at all. I am fully committed to Eastleigh and I am in the middle of a project there, maybe not even in the middle.
“I cannot own more than ten per cent of another club because of that involvement, so it will have no impact at all.”
“I am doing this because I know my funds will be used for the good of Oxford United Football Club.”
When asked about the amount he would be putting in, Donald replied: “Substantial. That’s the best way to put it.”