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A "well-funded" group's proposed investment into Northampton Town is "pretty much agreed", the League Two club's chairman has said.
The scale of the investment - first announced in April - is not yet known and the identities of those involved have not been disclosed.
"We are in decent shape with the investment," said Cobblers chairman Kelvin Thomas. "My last update said things would be sorted hopefully by the start of the season, and that's still the aim as far as we are concerned."
Thomas said the deal was awaiting approval from the EFL and the newly-established Independent Football Regulator.
"We are one of the first clubs to go through both processes," said Thomas.
"As we have said before, we can't control the timings, we can ask questions and provide whatever information is asked but things are in good shape.
"Some of the investors were here last Saturday [for a pre-season match against Coventry City] with family and friends and they were excited with what they saw so we are just waiting for the regulatory processes to complete."
In April, Northampton announced a £2.995m pre-tax loss for the 12 months to the end of June 2025, set against a club record turnover of £7.541m.
Thomas previously said that if the investment was successful the club would be debt-free.
Despite the ongoing talks, the club have signed seven players during the summer transfer window including the addition of Manchester City striker Matty Warhurst for an undisclosed fee.
After three seasons in the third tier, Northampton were relegated back to League Two having finished bottom of the League One table in 2025-26.
The Cobblers - who have won only once in their past 22 matches - appointed Chris Hogg as manager in May following the dismissal of Kevin Nolan on 9 March.
They will begin life under Hogg with a League Cup tie away at Leicester City on 8 August, before beginning their League Two campaign at home to Swindon Town on 15 August.
