FORAS, the supporters' trust who own Cork City, will meet later this month to decide whether to sell the club to a company owned by Preston North End owner Trevor Hemmings.
The English Championship side were instrumental in Cork securing a League of Ireland Premier Division licence earlier this year when they agreed to pay over €500,000 to cancel the sell-on clauses for their former Rebel stars Alan Browne and Sean Maguire.
The deal also included a first refusal option if FORAS decided to hand over control, which would be for the symbolic price of €1.
Over 600 members will have one vote each on Wednesday, 28 October, and a simple majority is required.
An email from FORAS to members said that the board would make a statement supporting the motion to sell to Grovemoor Ltd .
The Friends of the Rebel Army Society re-established Cork City as a supporter-owned entity in the First Division after the Premier Division version of the club went into liquidation in 2010 and acquired the name shortly after.
The reborn club won the FAI Cup in 2016 and did the double in 2017 but have since encountered financial trouble and are currently bottom of the Premier Division table.