Coventry City's prospective new owner, Jojar Dhinsa, insists that his takeover plans are on schedule.
Dhinsa, chairman and chief executive of the Athlone Group, has met Sky Blues chairman Mike McGinnity for talks and hopes to take control within 12 months.
"There's a lot of work which has been done behind the scenes," said Dhinsa, a Coventry-born financier.
"We hope that by summer 2005, when the club moves into the new stadium, the deal will have been completed."
Dhinsa's interest in the Highfield Road club was first revealed in April.
McGinnity then criticised the 29-year-old for going public on the matter - and challenged him to provide concrete evidence of his ambitions.
But Dhinsa insists that he and his backers from the Russian oil industry are genuine investors.
"I met Mike McGinnity for about an hour or perhaps more at a hotel in Coventry. We're obviously very different in the way we work," he explained.
"I had a lot of questions for him because although I can run a company, I've never run a football club and we're not talking about just a few quid here but a lot of money.
"Since then, my personal assistant has left a message asking for him to get back to me but there's been nothing so far.
"The reason these developments made the papers is not because I sought out journalists but because it happened the other way around - they came to me."
Dhinsa's takeover depends on Coventry's move to the £113m Coventry Arena development, due to seat 32,500, in the Foleshill area of the city next year.
He said: "I want Coventry City to be one of the biggest clubs in the world and my dream is to see us winning one or two trophies within the first three years.
"But that means us securing promotion to the Premiership and to do that I believe the manager will need increased financial resources.
"And when I said I hoped there would be a fans' representative on the board, I meant it."