Bournemouth's immediate future appears to have been secured after administrator Gerald Krasner revealed he has received two written offers for the club.
An administrators' sale will now take place after attempts to get a Company Voluntary Arrangement (CVA) failed at a meeting with creditors and shareholders this morning.
The two bidders will now hold talks with Krasner and will be given until tomorrow afternoon to alter their bids.
The former Leeds chairman hopes to announce the successful bidder by Wednesday and he confirmed the cash-strapped Cherries should avoid liquidation if one of the bids is accepted.
Deposits of £100,000 have been provided by both consortiums to keep the club running until the end of the season with the unsuccessful bidder refunded their deposit.
Krasner said: ''Within 20 hours of this meeting I hope to have sold the club.''
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