Paul Scholes may have to clarify what he intends to do with his stake in Salford City if, as expected, he is appointed as the new manager at Oldham.
Scholes is expected to sign an 18-month contract at Boundary Park within the next week, and could be announced as early as today.
Talks are ongoing to finalise the deal between the League One club - who sacked Frankie Bunn just after Christmas - and Scholes.
Owner Abdallah Lemsagam is expected to fly to the UK today to make a final decision.
It is hoped 44-year-old Scholes will be in charge for Oldham's FA Cup fourth-round tie at Doncaster Rovers on Saturday.
He is an Oldham fan and has strong links to the club, attending their weekend 2-1 defeat to Macclesfield Town.
However, Scholes' position as a co-owner at Salford City, who are third in the National League and chasing promotion to League Two, could need clarifying.
If Oldham and Salford are in the same division next season it will become an issue under the EFL's rules on dual interest.
It is covered by the EFL's Regulation 104 which states "except with the prior written consent of the Board a person, or any associate of that person, who is interested in a Club cannot at the same time be interested in any other football club". That includes any financial involvement.
Scholes was briefly joint-caretaker manager of Salford, with Phil Neville, in 2015, but his Oldham job will represent his first full foray into management.
Scholes has been interviewed for the Oldham post in the past, when Richie Wellens was appointed in October 2017, and has been working as a pundit for BT Sport.
He has made no secret of the fact he wants to go into management and Oldham is the club he used to watch growing up in nearby Middleton.