Dundee United chairman Stephen Thompson is willing to sell his majority shareholding in the struggling Premiership club.
Thompson was the subject of protests by several hundred supporters outside Tannadice on Sunday after defeat by Hamilton Accies left the Arabs on the brink of relegation.
Thompson owns a 53% stake in the Premiership club but has yet to be approached by any serious potential buyers.
When relegation is confirmed, a full review from the boardroom to the playing staff will take place with manager Mixu Paatelainen expected to pay the price for the club’s slide.
The former Aberdeen attacker took charge in October with his side already at the foot of the Scottish Premiership following the sacking of Jackie Mc-Namara.
Thompson is abroad speaking to potential investors as he tries to source the money required to support the club should relegation be confirmed.
He has also given up his £100,000 salary as part of cost-cutting measures.
United could be relegated on Monday night following the Dundee derby should second-bottom Kilmarnock win on Saturday.
Thompson’s sister, Justine Mitchell, resigned from the board 24 hours after the Scottish Cup semi-final defeat by Hibernian.
Mitchell owns a 33% stake in the club, which was bought by the Thompson’s father, Eddie, in 2002.
There has been a miserable decline in the team’s performances during the last 15 months which followed one of the more successful period of the club’s history, with the Arabs enjoying regular top-four finishes, winning the Scottish Cup in 2010, reaching the final again in 2014 and the Scottish League Cup final in 2015.
Paatelainen has been unable to galvanise the team despite bringing in experienced out-of-contract players Gavin Gunning, Guy Demel, Florent Sinama Pongolle and Eiji Kawashima.
Loan signings Kyle Knoyle and Riku Riski followed in January, while John Souttar and Ryan McGowan were sold, with former Caley Thistle forward Edward Ofere arriving in February.
The Finn said his own performance as coach has not been good enough after the Tannadice outfit slipped to a 3-1 home defeat to fellow relegation candidates Hamilton Accies on Sunday.
“It’s simply not good enough.” said Paatelainnan.
“I always question myself, my fellow coaches and what mistakes I have made. Of course I have made mistakes and look at myself very closely. But like I said, I am in the same boat as the players and it is simply not good enough.”
