Mr Slavich is now waiting to hear back from the unnamed group but is hoping they will have been sufficiently impressed to invest a significant amount.

He has also entered discussions with the ACT government to see if they would be able to provide some financial assistance to help bring A-League football to Australia's capital.

Mr Slavich told au.fourfourtwo.com: "I have a had a meeting with a consortium of potential investors and we are potentially talking about a million dollars here.

"I am hoping to hear back by the end of this week but that would be a fantastic development.

"Talks have also begun with a potential major sponsor so things are certainly progressing."

At least $5million is required to get Football Federation Australia to take a bid seriously and the Slavich team will have their chance to present their case to FFA officials next month.

Mr Slavich joked: "The first priority is the money, the second is the money and the third is the money. But as I've already said, this is something we're focused on making happen."

While the bid leader is trying to squeeze every dollar he can out of the business community in Canberra, efforts are also underway to involve potential fans and members.

Foundation Memberships have been set up with a target figure of $1million. The aim is to have 5,000 people each investing $200. The money invested will be held in a trust account and used to lure potential investors.

The money would be returned should the bid end in failure.

Those to already put their hands in their pockets to back the scheme are Capital Sport CEO Heather Reid and Senator Kate Lundy.

Mr Slavich said: "I have had talks with the ACT government and it is a question of exploring whether they would be able to offer any financial support and if so, to what extent?"