Ellis Short has moved a step closer to selling Sunderland, with the American owner set to decide between two bids.
A German consortium and fans Gabe Turner, Ben Turner and Leo Pearlman from television production company Fulwell 73 have made takeover offers.
Sunderland confirmed on Friday that discussions with "parties who have expressed an interest" are ongoing.
Short, who has owned the club since May 2009, is looking to sell following relegation to the Championship.
Sunderland are keen to conclude the talks as quickly as possible and have put a time limit on a potential sale, with finding a replacement for manager David Moyes, who left his post in May, also a priority.