Channon played for Southampton and England in the 1970s
Ex-England footballer turned racehorse trainer Mick Channon is expected to return home as he recovers from a car accident on the M1.
The 59-year-old was travelling to his Berkshire stables when the accident happened in Leicestershire.
Bloodstock agent Tim Corby, 63, of Berkshire, who was driving the car, was killed in the crash.
Channon suffered broken ribs, a broken arm and a punctured lung and needed an operation to wire his jaw.
His 15-year-old son, Jack, was also in the car but was not seriously hurt.
Fellow trainer, Stan Moor, told BBC Radio Berkshire: "Mick's ailments are coming on well but he still gets pretty upset because Tim was a great friend to everybody.
"He always had a lot of fun when you were in his company and will be a great loss to the game."
Leicestershire Police said the silver Mercedes all three were in - and which Corby was driving - left the motorway and hit a concrete pillar on 27 August.
Channon is one of a rare breed who has reached the top in two different sports.
One of the best-known footballers of the 1970s, Channon made more than 650 appearances in a career spanning three decades.
He became a Southampton legend after 510 games in two spells at The Dell, where he still remains the Saints' leading all-time leading goalscorer.
He also played for Manchester City, Norwich City and Portsmouth, as well as scoring 21 goals for England in 46 international appearances.
After retiring from football in 1986, Channon began his racing career as an assistant trainer to John Baker and Ken Cunningham-Brown before he took out his own licence in 1990.
He started with 10 horses in a yard at Lambourn but moved in 1999 to West Ilsley in Newbury, Berkshire (the prestigious stables once owned by the Queen) and now has about 20 times that number.
His racing portfolio includes horses owned by Manchester United boss Sir Alex Ferguson and former England and Southampton team-mate Kevin Keegan.