Eric Watson is set to relinquish ownership of the New Zealand Warriors, with Auckland businessman Paul Davys taking control of the club.
Mr Davys has confirmed to Newshub it was "100 percent correct" he was close to buying the Warriors.
He will be a co-director with former Kiwis international Peter Brown of childcare centre ChoiceKids.
"I'm a rugby league supporter and I can see that the Warriors are the heart and soul of New Zealand rugby league," Davys told Andrew Gourdie and Jim Kayes on RadioLIVE.
"I feel I can make a difference, that's really what sparked my interest."
Mr Davys used to coach the Howick Hornets, the Te Atatu Roosters and was a recruiter for the Brisbane Broncos.
While his business partner, Mr Brown is also an NRL agent and manages current Warriors halfback Shaun Johnson.
Eric Watson has released a statement confirming he is in discussion with "a few different parties" about potentially selling the club.
"While I'm often approached about selling the club I will confirm that I'm in conversation with a few different parties about the Vodafone Warriors, but I'm in no rush and I'm keen to do what's best for the Club," Mr Watson said in a statement.
"Any discussions are private and I won't be commenting publicly about the conversations other than saying right now there is no deal."
Mr Watson is currently fighting former business partner Owen Glenn in a UK court over ownership of assets the pair shared.
Mr Watson has owned the club for the past 17 years.
The 58 year-old bought the franchise in 2000 from a consortium including Tainui and former Kiwis coach Graham Lowe.
Mr Glenn bought a 50 percent share of the club in late 2011, but sold it after a falling-out with Watson in 2015.
A spokesperson for Eric Watson told Newshub that the club is often approached by interested parties.
The Warriors face the Canberra Raiders at Mt Smart Stadium at 4pm Sunday.