Notts County are confident of gaining approval imminently from the Football League regarding Munto Finance's takeover of the League Two club.
League officials met on Thursday to decide whether to ratify the deal.
They delayed their ruling but held more discussions with executive chairman Peter Trembling in the last 48 hours.
Trembling told County's website: "We have now provided the League with the additional information requested and we hope to hear from them very shortly."
He added: "The club is encouraged by the free and frank spirit of its continuing dialogue with the Football League, as part of which it is happy to make clear that it has severed all ongoing connections with Mr Russell King.
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