Hull City's sale is in its final stage.

A Far East consortium has agreed a conditional £130m takeover of Hull City, according to a document filed to the Hong Kong stock exchange.

The document published on Hong Kong stock exchange's news site hkexnews.hk is dated October 13 and shows a proposed deal has been reached with Hull's parent company Allamhouse Limited.

However, the agreement with Greater China Professional Services Limited is subject to Premier League and FA approval and is not legally binding.

The document states: "The Board is pleased to announce that on 13 October 2016 (after trading hours of the Stock Exchange), the Consortium and the Vendor entered into the Heads of Terms in relation to the Proposed Acquisition.

"The Board would like to emphasise that no legally binding agreement in relation to the Proposed Acquisition has been entered into by the Company or the Consortium as at the date of this announcement.

"As the Proposed Acquisition may or may not materialise, Shareholders and potential investors are advised to exercise caution when dealing in the shares and other securities of the Company.

"Completion of the Proposed Acquisition is conditional upon, among other conditions, the obtaining of the consent of The Football Association Premier League as regards to the transaction contemplated by the Heads of Terms."