Leeds owner Andrea Radrizzani has agreed to sell the club to the 49ers Enterprises group.
The investment fund that owns the San Francisco 49ers NFL franchise will fully own Leeds as well.
49ers Enterprises is presently a minority shareholder in Leeds, with Radrizzani having control of the club.
Per The Mail, 49ers Enterprises is a group made up of more than 60 investors.
Paraag Marathe and Peter Lowry, who are both on the Leeds board, are the two most high profile investors within the operation.