Yorkshire have agreed to sell Headingley to Mike Ashley for £23million with the ex-Newcastle United owner also close to securing a 10-year naming rights deal for the stadium.
Mail Sport revealed in September that Yorkshire were considering selling the iconic ground to clear debts that were threatening to send them into administration.
Ashley is set to see off interest from the Rajasthan Royals and former chairman Colin Graves to complete a sale and lease-back deal which will safeguard the club's future.
Yorkshire are believed to have negotiated an option to buy back the ground that has been their home since 1891 at a fixed price as part of the sale.