Football league officials are meeting today to examine submissions from the four clubs currently being run by administrators as they try to prove they will be solvent by the start of the new season.
Crystal Palace, which was bought by computer entrepreneur Mark Goldberg last year, is the highest-profile club to find itself in financial trouble.
The others are Portsmouth FC, Luton Town and Chester City.
Goldberg paid £23m for Palace last summer but it now has debts of £10m.
He brought former England coach Terry Venables in as manager on a package believed to be worth more than £1m a year, though he left the club when administrators were called in earlier this year.
David Rolph, a corporate recovery partner at Moore Stephens which is acting for the club, said he was confident a buyer could be found.
‘There are several interested parties and we should be out by the beginning of the season,’ he explained. Rolph added his firm had acted for other football clubs, on the audit and corporate finance side.
He also suggested that the Football League would extend the deadline set for the clubs to the start of the football season.
A league spokesman, however, stressed it wanted clubs to be out of administration by the end of this month.
The future for Portsmouth FC looked brighter this week after its £4.6m cash sale by administrator HLB Kidsons looked to be nearing completion.
Tom Burton, a corporate recovery partner at HLB Kidsons said he was waiting for the league to ‘rubber stamp’ the new deal.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice