Dundee United are hoping to secure financial investment of around £300,000 from a long-standing fan in America, as part of a funding package to help safeguard the club’s immediate future.
Chairman Stephen Thompson’s Atlantic crossing will keep the Tannadice side’s head above water until the start of next season, if as expected the deal is signed over the coming days.
The investor, a former St Andrews University graduate, and originally from the Glasgow area, is described as a senior figure in the American banking sector.
Thompson has travelled to the US three times in recent months to meet him and to finalise the funding package.
He has previously given assurances that he was seeking fresh investment, but few fans would have expected it to come from Wall Street.
The American investment is believed to be close to £300,000 and is likely to be secured against United’s G4 Arena.
The cash injection should safeguard the club’s future until the new season begins, but United are still likely to require the backing of supporters to buy their season tickets to ensure they have a healthy future.
As part of the deal with the American backer, Thompson will continue to meet other parties in the US regarding future partnerships which he believes would assure the long-term future of the Tangerines.