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Hull City Vice-Chair Ehab Allam Says Owners Hope To Complete Sale Within Weeks

Premier League side Hull City's owners "hope to complete the sale of the club within the next fortnight," club Vice-Chair Ehab Allam has confirmed, according to the PA. The Allam family, which has owned the Tigers since '10, announced a deal "has been agreed with prospective new owners, understood to be a Chinese consortium headed by a brother and sister partnership of Dai Yongge and Dai Xin Li." Allam did not reveal the identity of the prospective new owners but said the club would reveal more details "in the near future." He said, "As has been highlighted in the press in the past few weeks, a takeover of the club is at an advanced stage -- a deal has been agreed and due diligence is well underway. We have enjoyed our time as the custodians of the Tigers, but we appreciate, as with [departed manager] Steve [Bruce], we have taken the club as far as we can." As well as "due diligence," the sale of the club "hinges" on the FA's owners and directors test, which was expected to take several weeks, but the announcement "confirms a takeover is imminent" (PA, 8/27).

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