Announcement of a completed deal may be made later.
It's understood confirmation of a Saudi-backed takeover of Newcastle United could be made today.
The consortium, the Premier League and the club are thought to be working on getting the deal completed as soon as possible.
It would end owner Mike Ashley's 14 year spell in charge at St James' Park - 18 months after he initially accepted a 300-million pound offer.

Thursday Morning Sports Update
Andy Farrell Names 37-Player Selection For The Six Nations Championship
Connacht Sign Francois Van Wyk From Bath
John Hodnett Extends Contract With Munster
Michael Obafemi Joins Blackpool On Loan Until The End Of The Season
Sporting Organisations Set To Receive Funding Boost Of Over €33 Million
Wednesday Morning Sports Update
Joe Joyce Confirmed To Leave Connacht This Summer