Speculation over the future of Oxford United's ownership is set to become clearer after the club called a press conference for 2pm today.
It is more than a week since news broke over the possibility of a takeover, with two consortiums known to be in the running.
So far U's owner and chairman Ian Lenagan has not commented on the situation, but it is understood he will be present this afternoon.
Latest United news:
9:44pm Tuesday 2nd September 2014
OXFORD United endured a costly evening as they crashed out of the Johnstone's Paint Trophy at Cheltenham Town.
9:00am Tuesday 2nd September 2014
Michael Appleton is determined to do his shopping earlier next summer after Oxford United were unable to land their top target before the transfer window shut last night.
8:00am Tuesday 2nd September 2014
Michael Raynes is among the Oxford United players hoping to benefit from a run-out in the Johnstone’s Paint Trophy at Cheltenham Town tonight (7.45).
12:10pm Monday 1st September 2014
MICHAEL Appleton says Oxford United are in advanced talks with their top target, but there are no guarantees a deal will be finalised before the deadline closes tonight.
11:24am Monday 1st September 2014
Oxford United got off the mark in Sky Bet League Two with a 3-3 draw at home to Dagenham & Redbridge on Saturday.