Egyptian businessman Mohamed El Kashashy has reportedly reached an agreement to purchase Premier League side Burnley.
Reports from England on Wednesday suggested that El Kashashy, along with British sports lawyer Chris Farnell, have signed a purchase agreement with Burnley chairman Mike Garlick for the acquisition of the club.
Per the Daily Mirror, the partners have already provided the Premier League with proof of funds ahead of the proposed £200m (R4.2 billion) takeover, and now only need to pass the league's owners and directors test to make the transaction official.
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El Kashashy, who made his fortune in the food industry, is said to have been in negotiations with Burnley for the past year, and was previously linked with a takeover bid for League One side Charlton Athletic.
Should the deal go through, he will become the second Egyptian businessman to purchase a Premier League club after Nassef Sawiris obtained a 55% majority share in Aston Villa in July 2018.
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