The brother of the President of Ghana is set to acquire 70% stakes of the floated shares.
Ibrahim will be the new owner of the Northern giants when the takeover is complete.
Alhassan Yekini, a management member of Real Tamale United confirmed the deal to UraSports in the Upper East Region.
"We are opening the sale of shares for people to buy and Ibrahim Mahama said he wants to take majority of the shares,” he said.
“So automatically he becomes the owner of the club. He wants to take 70% of the shares.
“He is going to takeover the club but they are still on the documentation and I hope by next week it will be completed."