Businessman Andrew Fitton has called on patience from Swindon Town's fans as a new consortium try and save the club.
The 50-year-old, who is president of Swedish based telecoms company Mobitex Technology and US company United Wirelss, revealed the Robins came to the new bidders after BEST Holdings' takeover collapsed last week.
Due diligence is taking place but Ramsbury based Fitton will not be making any promises about the completion of the deal.
"This club is in a mess and people need to give us time to evaluate the situation," he said.
"We have made an agreement subject to due diligence and early next week, when we see the findings, we will sit down and discuss it and hopefully the situation is what we thought it was.
"The club needs to be stabilised. I am not a secretive individual but I would expect someone to respect my business."
Fitton, who has also previously failed in a £3million bid to buy Newcastle United in 1988, was interested early this year before the doomed BEST bid failed and thought the deal would collapse.
"It wasn't a surprise to us, you just have a gut feeling, when the club called there was a rye smile in the office," he said.
"I've had three goes at this in 2002, 2004/05 and again in May and June this year.
"We will be approaching it differently because it is a different situation and this club needs saving."
Fitton, who declined to reveal the others involved with the consortium, has been an interested observer during the Best Holdings bid and also to the growing rift between the fans and the board.
"Football supporters believe they own the club, which is fair enough because they will be there long after the shareholders," he said.
"There is always a difficult relationship between fans, who own the heart and soul of the club, and the directors who own the fabric and the business.
"What the fans need to realise is someone is pumping money into the club to make their dreams come true.
"There needs to be a dialogue and there is not at the moment, but some of their actions are not acceptable."
Fitton, who says he is a football fan and not one of a particular club, has also thrown his support behind Robins boss Paul Sturrock, who takes his team to Port Vale on Saturday.
"He is one of the best managers outside of the Premiership and it is happening on the field for the club," he said.
"We are just trying to make sure it happens off the field but we need patience and understanding."
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