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
Cross-channel services face the possibility of ongoing disruption because of migrant activity in and around Calais.
Big companies will have to show that their supply chains do not use child slave labour or exploit people, David Cameron has announced.
Disneyland Paris is reportedly facing a pricing probe amid claims it charges British tourists more than its French customers.