The owners of the Warriors said they had agreed the terms of the sale.
Warriors' players, staff and fans have been worried for a month about the future of the club after a winding-up petition from the taxman.
The co-owners are happy that the sale can proceed.
The potential buyer is being worked with on the immediate deposit of funds.
Their first home game of the season can go ahead on Sunday if the cash injection comes through.
The heads of terms are with the legal representatives of the parties who are going through the details of the agreement.
The heads of terms have not been signed by the parties.
We will give an update on the sale of the club on Wednesday.
Warriors started the season with a loss at London Irish on Saturday.
Although this season's strip has been ordered and is ready, it has not been paid for.
One of the club's main sponsors paid for a coach to take them to the game.
The Department for Digital, Culture, Media and Sport ordered the Warriors to pay back the money they received during the Covid epidemic.
Their debts are reported to be over 25 million dollars. If the Rugby Football Union approves the deal, it will allow the interest party to pay their debts in the short term and long term.
A group of local MPs and a consortium led by a former Warriors chief executive made that a key condition of any sale of the club.
Whittingham referred to people jumping up and down making a lot of noise, while making the point that if the club went into administration, they wouldn't get paid.
The automated bank security procedures have become commonplace for both private and business account holders in recent years.
The journey to become a force in English club rugby began when Cecil Duckworth got involved.
The funds were injected and they led to a promotion to the top flight.
Warriors have been in the top flight for 16 years and have never finished higher than eighth.
In that time, the club has won two titles and conquered Europe.
The long-time benefactor reduced his involvement when the company he was associated with took over.
He was part of the new board until he died.
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