American Mark Attanasio is set to achieve parity with current majority shareholders Delia Smith and husband Michael Wynn Jones in Norwich City.
The Championship club has announced a shareholder meeting at Carrow Road on 2 October to ratify the deal.
The Attanasio-led Norfolk group will attain 195,012 shares - drawing level with Smith and Wynn Jones' 40% stake.
The Canaries expect the meeting to be short and said a further announcement will be made once it has taken place.
UK regulatory body the Takeover Panel has agreed to waive a rule obliging the Norfolk group to make a mandatory offer to the holders of the remaining 20% of shares in the club, who include the Canaries Trust supporters' group.