Billionaire Mohamed Mansour, the senior treasurer of the Conservative Party, is set to be unveiled as the owner of $500million (£399m) MLS expansion franchise this week.
The 75-year-old will be awarded a team in San Diego, California, which will become the league's 30th franchise on Thursday, according to The Times.
The Egyptian-born businessman, who is based in the UK and holds British citizenship, was named the senior treasurer of the Tory party by Prime Minister Rishi Sunak in December. Mansour's firm, Unatrac, has donated more than £600,000 to the Conservatives.