BBC Sport is reporting the investment group is led by James Bord and Felix Romer, while Alsharif Faisal Bin Jamil is described as the consortium's chief executive.
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The Championship club entered administration last year and the bid from Bord and Romer's group has been chosen as the best.
Bord, who's analytics company Short Circuit Science, has links with clubs across the world, also owns Dunfermline Athletic. Romer also holds a share in Short Circuit Science.
Bin Jamil is said to be a member of the Jordanian royal family and sits on the board of Dunfermline and Spanish club, Cordoba.