League One side Bradford City have been taken over by a German consortium, BBC Sport understands.
The Bantams finished fifth in the third tier this season but were knocked out of the play-offs by Millwall.
Joint chairmen Julian Rhodes and Mark Lawn are expected to move aside when the move is completed, with German-based investors Edin Rahic and Stefan Rupp leading the purchase.
More information is expected to be released on Tuesday.
The club announced earlier in May that it would continue its policy of offering adult season tickets from £149 in an attempt to surpass the 18,000 sold for this season.