Derby County chairman Adam Pearson has been given the green light by fellow board members to continue negotiations with American investors.
Pearson is desperate to bring in investment
Pearson briefed his fellow directors at a board meeting on Monday about the deal that could wipe out the club's estimated £25m debt.
BBC Radio Derby understands the proposed deal with the American Sports company is at a critical stage.
Pearson told BBC Radio Derby: "They are a very good potential partner."
It is thought the investment would not only leave the Rams debt free but would also give boss Paul Jewell money to spend.
Pearson added: "They have got a great sports experience in the US and know what running a football club is all about.
"We have that local expertise as well and hopefully the two allied together will make a very nice mix for the club going forward.
"We have a board meeting on Monday and I'm sure it will be a big topic."