Sheffield United's bid to invest in Hungarian giants Ferencvaros has moved a step closer.

Blades chairman Terry Robinson and academy manager Ron Reid travelled to Hungary at the weekend for talks.

PLC chairman Kevin McCabe has already held talks and now Robinson has continued the negotiations with his trip.

''We have been examining how the club works from the youngest levels up to the senior team," Robinson explained.

"We had a look at the system of the club and their youth development and checked how many players moved abroad from here lately but we also had talks about financial things.

"The club officials informed us properly about the club's present situation."

Robson admitted that United had not yet finalised their offer.

''If we are going to hand in an application for the tender then we'll help Ferencvaros from that moment," he said.

"Maybe with players too, but it's evident that the club needs an immediate financial injection.

"It's not a problem because we have the money to invest into Ferencvaros and we think seriously the co-operation would mean mutual profit for both side."