Fulham Football Club has confirmed that Mohamed Al Fayed has sold the side to Shahid Khan, the owner of NFL team Jacksonville Jaguars.
It says a formal announcement is scheduled at Craven Cottage tomorrow at 1pm.
Mr Khan said: “Fulham is the perfect club at the perfect time for me. I want to be clear, I do not view myself so much as the owner of Fulham, but a custodian of the club on behalf of its fans."
More top news
Neil Conway, who has terminal motor neurone disease, vowed to continue his battle against assisted dying law despite losing a High Court bid
Emergency services in Queensland posted a picture of the bull shark that wound up on a road while swimming in flood waters.
An apparent threat to pull security co-operation unless the European Union agrees to a trade deal has been played down by ministers.