Property tycoon Rob Lloyd, the man fronting a consortium intending to buy Portsmouth, insists the potential investor in the crisis club is serious and substantial.
And Lloyd, whom the Sunday Telegraph revealed is fronting the consortium, is confident the investor will pass the Barclays Premier League's fit and proper persons' test.
"It is certainly genuine - I wouldn't have spent my Sunday coming down here and wasting all the time," Lloyd told Sky Sports News after meeting with Portsmouth supporters groups.
"I have got more things than nuts and fruit cake on at the moment with my own company. There is a substantial investor involved here."
It has been reported Lloyd will enter into confidential and exclusive arrangements with Portsmouth administrator Andrew Andronikou on Monday ahead of a potential £30million buy-out, although Andronikou revealed the pair have not yet spoken.
Asked if the investor would pass the fit and proper persons' test, Lloyd said: "There have been issues before. Certainly knowing the investor involved, he would tick all the boxes. He's very substantial. And I think he would be good for the club."
Lloyd pointed out, though, that there was still a long way to go in the process.
"We've got to conclude the deal first of all," he added.
"I'm not making false promises. We're at early stages, there's a lot to do, there's a lot to do in 14 days.
"There are going to be a lot of sleepless nights. But Let's get to first base initially."
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