Dutch outfit NAC Breda have announced that their shareholders have agreed to sell their shares to Manchester City's owners City Football Group (CFG).
Following a shareholders investigation, CFG have moved ahead of building contractor Karel Vrolijk and they are now in the 'final phase' to purchase the Eerste Divisie side, who would become the 11th club to join their global portfolio.
An official statement from NAC Breda read: "We presented the results of our investigation to the shareholders. On that basis, they have chosen to sell their shares to City Football Group.
"All other parties that have applied since the start of the sales process have now been informed and thanked for their efforts.
"With City Football Group, which already has a long-term collaboration with NAC, an agreement was reached this week subject to approval by the Supervisory Board, NOAD Foundation, the KNVB and the municipality of Breda.
"With this, the sales process is entering the final phase and the shareholders and City Football Group assume that preparations for the new season can be started in the short term."
NAC Breda would become the fifth European club to be bought by CFG, after Man City, Girona, Troyes and Lommel SK.
The other five clubs scattered across the world include MLS outfit New York City FC and Australian side Melbourne City.
Oliver Thomas
