A decision over Mohed Altrad's prospective takeover of Gloucester could be made later this month, says chief executive Stephen Vaughan.
As Altrad already owns Montpellier, any deal needs Rugby Football Union, French Rugby Federation, European Professional Club Rugby and World Rugby approval.
"The informal signs are positive but we are waiting for formal approval," Vaughan said. He added, "I would suggest that, in the next two weeks we'll have a definitive answer. The next EPCR board meeting is on 14 February and we've intimated to them that that is too long to wait to find out because we've got to get on with running the club. They agree. They (the relevant parties) think this is a great thing for English rugby and a great thing for Gloucester".
Martin St Quinton has been the sole owner of Gloucester since February and it is understood that any deal would see him remain as chairman.