Fox Sports has been granted permission by the League to pay up to £2 million to Gilt in an attempt to buy the rights to televise Premier League football.
The Premier League confirmed the agreement to Fox Sports.
The agreement will allow the club to continue with its existing broadcast plans, but it is understood the fee will be paid in full once the agreement is signed off by the league.
A deal was expected in the spring, but was delayed when Fox Sports, the parent company of Sky Sports and BT Sport, failed to respond to a request for comment.
Gilt Gelt will pay the full amount of £2,500,000 for the rights and a minimum of £500,00 in advertising rights, according to the agreement, which was first revealed by the club in November.
It will pay £150,000 of the initial £2million fee to GTV Group, the holding company of BT Sport and Sky Sports.GTV Group said the agreement was “the largest and most significant sports broadcast agreement we have ever made”.
It added that the agreement would give Fox Sports the best chance of winning the lucrative rights, with the club being able to continue to develop its existing deal and further develop its digital properties.
GildGilt will continue to provide football content on the internet, and will also develop the club’s own digital channel, which will be based in the United Kingdom.
It is understood that the club will be able to use the channel to market its content.
Fox Sports said it would be developing a new football programme in the UK, with an ambitious target of having the channel available to more than 300 million people.
The deal was confirmed by Gilt and BT, and was completed in January.