Turkish media mogul Acun Ilicali is buying Hull City.
There are still several obstacles to overcome before the takeover can be completed, Egyptian owner Assem Allam has accepted an offer from Ilicali which will be paid in installments, with another £20m to paid if the Yorkshire club are promoted to the Premier League.
Ilicali, who started out as a reporter and broadcaster in Turkey in the 1990s before going on to found his own production company in 2004, sold his stake in Dutch club Fortuna Sittard in April less than a year after buying the club.
Due dilligence still has to be completed for the takeover to go through, and Allam and fans will not be getting over-excited until the deal is done, with several takeover bids having failed since the club was put up for sale in 2014.
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