Negotiations are at an advanced stage and the deal should close in a week or two. Shah Rukh Khan, whose cricket team Kolkata Knight Riders won this year's Indian Premier League, confirmed he is buying the club, but refused to share details.
Goa-based Dempo FC made history in April this year when it won the I-League (Indian Football League) crown for a record fifth time.
According to sources, Dempo FC spends close to Rs 12 crore a year to run the team. The club is managed by 58-year-old Armando Colaco since 2000 and recently lost its star goal scorer Ranti Martins to Kolkata's Prayag United.
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