English-based consortium Media Pro Sports have submitted their offer to purchase a 30% shareholding in Queen of the South.
The group, who are bidding to take over David Rae's stake in the First Division club, have promised to immediately invest a six-figure sum if their proposal is accepted.
The agent brokering the deal for the consortium, Jonathan Hope, has made the offer to Rae and is hopeful a deal can be struck.
"We think we have made a fair offer to Mr Rae for his shares and we await his response in due course," he told STV.
"If our offer is accepted, the next step would be to sit down with the current board to discuss plans and their ideas over where our investment can be channelled."
Preston-based Media Pro Sports came in for criticism over the weekend following the announcement of their interest on Friday, with Queens manager Gus MacPherson criticising the unsettling nature caused by the timing of the story.
The Doonhamers are bottom of the First Division with three games left to play, but sit just three points behind Raith Rovers in eighth and remain in with a fighting chance of remaining in the division.
"The consortium would like to put on record that they wish the players and management the best of luck in their attempt to retain their status as a First Division club over the next three league games," Hope said of the club's fight to stay in the second tier.
"Should our offer be accepted, we will speak to every player individually over their contracts for next season at the end of the campaign.
"The reality is that there would be more money available both for better contracts and to make quality additions.
"Hopefully that will prove an additional incentive to the squad in their remaining matches.
Hope added of possible decisions over first team affairs: "We have no plans to make any decisions or changes until the season has concluded on either May 5, or after the play-off final if appropriate.
John Harrison, chief executive of Media Pro Sports, said on Monday the three-strong consortium would not look to overhaul the club's operations.
“Our intention is not to interfere with the day-to-day running of the club. We would nominate a director to represent our affairs.
“The club is in a stable position and it would be our intention to maintain that. An injection of cash is needed to challenge for honours and that is what we wish to provide.
"All of the funds being put forward would come direct from those in the consortium and we would not intend to borrow against the club."
Pushed on the identities of those involved in the bid, Harrison replied: “We intend to give a full, public breakdown of who we are and what our full intentions are if and when Mr Rae agrees to sell his shares."