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A consortium hoping to buy Southampton has secured the funds to mount a bid for the Championship outfit.
A source has told BBC Radio Solent that a group led by barrister Jonathan Fulthorpe is close to tabling a full offer for Southampton's parent company.
Saints have been in talks with the group for several months.
If the bid stalls, former Saints chairmen Michael Wilde and Rupert Lowe are poised to take control of the club ahead of a planned EGM on 16 May.
Lowe and Wilde control 46% of the shares in parent company Southampton Leisure Holdings plc.
The pair recently requested the Extraordinary General Meeting in a bid to remove most of the current board, including football club chairman Leon Crouch.
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