The EFL has released a statement after Nottingham Forest's arch-rivals Derby County confirmed their preferred bidder.
American businessman Chris Kirchner is the man to have been chosen, meaning he will now enter into a period of exclusivity as he looks to get a deal over the line for Forest's East Midlands rivals. The 34-year-old is co-founder and CEO of software company Slync.io, a global logistics technology provider.
The development has been acknowledged by the EFL, who say they are awaiting further details and will review them in line with their own requirements. They say once that is done, they can "understand what hurdles" will still need to be cleared.