Sheffield United plc chairman Kevin McCabe has reportedly succeeded in acquiring a tender to buy into Hungarian club Ferencvaros.McCabe's Hungarian business Esplanade Kft will buy Ferencvaros' real estate for £8.45million, with a view to begin paying off the club's £5million debts, according to BBC Sport.

United have already invested heavily overseas - in January 2006 United became the first British owner of a Chinese club with the acquisition of Chengdu Five Bulls, now known as Chengdu Blades.

Last year McCabe also invested in Belgian third division side Royal White Star Woluwe.

Ferencvaros, who were relegated from the Hungarian top flight last season, have won 28 Hungarian titles and 20 domestic cup wins, and were losing finalists in the 1975 European Cup Winners' Cup.

United have refused to comment on the deal.

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