Toon owner Mike Ashley imposed a one-week deadline on wannabe owner Barry Moat with the Tyneside-based businessman attempting to agree terms with Barclays Bank to agree the club’s working overdraft facility of £39m.
However, it’s believed that hopes are fading fast for United’s biggest corporate customer even though Ashley has been trying to push the deal over the finish line.
The Americans – who have North West sports retailer Geoff Sheard spearheading their bid – are attempting to close in on a deal with Ashley.
United managing director Derek Llambias confirmed talks were taking place earlier in the week, although he did stress that the bid team was yet to provide “proof of funds”.
With Sheard only representing the US group, the arrival of the main financial backers of the bid in the UK is a significant move.