However, the SFA will demand assurances over meaningful fan engagement on the takeover proposal and a guarantee the Saints badge, colours and team name will remain the same.
Brown will use the proceeds of the sale to build a sports hub for the Saints in the Community charity once the sale goes through.
Team manager Craig Levein will, meanwhile, be looking to reshape his squad after St Johnstone avoided finishing second bottom of Scotland’s top flight – to face a play-off to extend their stay – with a final-day victory away to Motherwell.
Eight players, plus three who were on loan, have left the Perth club, with only one new signing so far – Uche Ikpeazu following the striker’s departure from Port Vale.
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