Bjorgolfur Gudmundsson has moved a step closer to selling English Premiership club West Ham after receiving several provisional offers.
The owner has signed non-disclosure agreements with "five to 10 parties".
This means the potential buyers will be given detailed information on the club that they cannot reveal to anyone else.
Vice chairman Ausgier Fridgeirsson told BBC Sport: "This is part of the ongoing process of Mr Gudmundsson reviewing his assets. But he does not need to sell West Ham and still might not do."
Fridgeirsson said West Ham were talking to potential buyers in order to establish the club's market value.
Once this is done, Gudmundsson will decide whether or not to sell, Fridgeirsson added.
The agreements fall short of due diligence, which would give prospective buyers full access to the club's accounts. - BBC