Hull City appear set to be sold to a Chinese consortium for £130million.
A £130million takeover of Hull City by a Chinese consortium has been agreed.
The proposed sale was announced in a statement from GreaterChina Professional Services Limited released by the Hong Kong Stock Exchange on Wednesday.
GreaterChina Professional Services Limited has formed a consortium with Camsing Global to purchase the club from the Allam family, though the agreement requires the approval of the Premier League before it can be completed.
The Allam family had reportedly been looking for £120m for the sale of the club, with a number of bidders said to be interested.