Supporters' group Leeds Fans Utd is hoping to obtain owner Massimo Cellino's written agreement to sell his majority stake in the club to it on Wednesday.
Cellino, who took control at Elland Road in April 2014, said he would sell his controlling stake to Leeds Fans Utd on Friday and the supporters' group has confirmed it is in position to complete the deal for at least £30million.
"If you come from the context that we've verbally been given exclusivity, over the last 72 hours we've worked a credible way of paying for Leeds United, it puts us in a position that we can do this deal," LFU chief executive Dylan Thwaites told BBC Radio Leeds.
"We can do the whole of the deal in probably around three months. We've got a high degree of confidence.
"It is quite correct to say that we need that binding exclusivity in order to progress this, that is a critical factor, but we're ready to go literally the minute that's signed.
"We're meeting again with Massimo's lawyers (on Wednesday morning) and we're hopeful they'll confirm what was said to us and other fans' groups on Friday."
Thwaites said it would cost around £30million to buy out Cellino and with the backing of individual fans, "high net-worth" fans and institutional investors, finances are in place to take the club forward.
LFU also plans to buy back Elland Road, but Thwaites added LFU would pull out of the deal if they did not get a written exclusivity agreement.
"W e're comfortable that we can go ahead and purchase the majority stake, that's something we're ready to do," he said.
"Massimo has agreed to sell to us, as he describes, at cost for the money that he's put into the club.
"If we look at Companies House there's certainly £30million or so of new equity. There might be other agreements and other investments that will be found in due diligence and this is all auditable, so we'll be left with a figure that is the maximum amount that we'd be paying for Leeds United.
"It's not a negotiable figure, it's an audited figure. The £30million is the only part that we're able to audit and verify at this stage.
"When we go to due diligence, and we are ready to go to due diligence (on Wednesday), we can actually see precisely where any other monies have gone in on top of the £30million that Companies House shows."
LFU, formed in December 2014 for the purpose of getting a fans' representative on the club's board, has previously held talks with Oscar-winning actor and celebrity Leeds fan Russell Crowe, himself an owner of fan-owned Australian rugby league side South Sydney.
Crowe said earlier this year that he had decided against a personal purchase of the club after a long period of consideration, but encouraged fans to support LFU in its work and it is understood that he is on a list of potential investors.
Thwaites added: " We've got a team ready to go (on Wednesday morning) as soon as exclusivity is signed, we're happy to progress with that.
"But we're not going to risk our shareholders' money just to be in a race with other people, that's important to us."
Source: PA
