Manchester City manager Stuart Pearce fears a takeover at Eastlands may spell the end of his tenure in charge.
Pearce has seen his side slump in the Premiership
Chairman John Wardle announced in December that the club were in talks with potential investors, thought to be based in America.
And Pearce told the Manchester Evening News: "In the summer, there may be a takeover and they might say they need a new man at the helm.
"It is physically impossible to feel secure as a football manager."
I know my job and what areas we need to strengthen
Pearce met the prospective new investors when they were given a tour of the club's Carrington training ground over the weekend and has been kept informed of the ongoing talks.
And with top-flight security seemingly achieved, talks between Wardle and the mystery investors eager to buy a stake in the Eastlands outfit are now expected to intensify.
However, the man who will also lead England Under-21s into this summer's European Championships believes he is the right man to lead the club.
"I know my job, what is coming through the academy system and what areas we need to strengthen," he said.
"I have a list of targets to give to the chief executive. I will tell him that's what I want and that he has to deliver it for me if he can.
"The chairman and the board will, I am sure, do everything they can to support me."