Sport Capital is on the verge of acquiring a minimum 75 per cent stakeholding and counts among its number Andrew Flowers, the managing director of the club's main sponsor Enterprise Insurance and a lifelong Leeds fan.
Current managing director David Haigh is also part of the group.
Haigh promised funds for manager Brian McDermott to strengthen his squad and in a statement on the Leeds website said: "Completion is something we have been working very hard to achieve. We're now past the holiday periods of Christmas and New Year and we're looking forward to completing shortly.
"We are working closely with the Football League regarding the necessary documentation, and we will do our best to keep fans fully informed. I'd like to take this opportunity to thank the fans for their continued support."
Flowers said: "I'm delighted to confirm that I am part of the consortium that will be acquiring the major shareholding in the club.
"As a lifelong Leeds United fan and as a businessman, I can assure other fans, that while the process is being finalised, we have been working hard to ensure that our due diligence was completed as quickly as possible and that there are funds in place ahead of completion to support the manager during the opening weeks of the January transfer window."