A Far East consortium have agreed a conditional £130million takeover of Hull City, according to a document filed to the Hong Kong stock exchange.
The Allam family, who have owned Hull City since 2010, put the club up for sale in 2014 after the Football Association rejected chairman Assem Allam's bid to change the club's name to Hull Tigers.
A separate deal with a Chinese consortium headed by brother and sister partnership Dai Yongge and Dai Xin Li broke down at a late stage last month after the Premier League had begun its owners and directors' test.