Businessman Kevin Heaney's bid to bring Plymouth out of administration now depends on the Football League rubber-stamping the deal.
Heaney claims Bishop International has the appropriate funding to complete the deal and that acting-chairman Peter Ridsdale has the credentials to put the club back on the right track.
"The Football League has to be satisfied that they [Bishop International] don't just have money today but for the next year or two," Heaney told BBC South West. It's a matter for the Football League to sanction the deal and I think they're meeting [on Thursday].
"In Peter Ridsdale the club are very fortunate to have the best man in the UK to save a football club.
"I feel confident that with him owning and running the club it will be a success but it won't be an overnight process. The clubs in the real world have a kind of hand-to-mouth existence where gate receipts support the club."