Mohamed to sell Fulham for £150million
An announcement could take place as early as tomorrow following secret negotiations with US billionaire Shahid Khan.
Khan, 62, is the owner of American football’s Jacksonville Jaguars and is looking for a London base for his NFL franchise.
Now he is on the verge of an agreement with Fayed, who bought Fulham for £6.25m in 1997 and has invested more than £200m in interest-free loans.
Pakistani-born Khan — recently named by Forbes magazine as the 491st richest in the world — moved to the US aged 16 and made his fortune manufacturing car parts.
He would become the fifth US-based Premier League owner, following the Glazers, Stan Kroenke, JW Henry and Randy Lerner.