The co-chairman of Morecambe FC has confirmed that businessman Sarbjot Johal is in the process of buying the club.
Graham Howse, in a statement to fans on Thursday, said that Mr Johal has bought equity in the club and will become owner subject to passing English Football League checks.
Mr Howse (pictured below) said: "It is fair to say the sale process hasn’t progressed as quickly as we all would have liked - that said, my understanding is that exciting times are ahead both on and off the pitch.
"Sarbjot Johal is eager to start the project to take the club on to a new level, subject to satisfactorily navigating the EFL Owners and Directors’ test.
"Sarbjot, through his company Sarb Capital, has recently purchased equity in the club, injecting more than useful income into us.
"I am, along with Sarbjot, keen that the process should now move on at pace to come to a positive conclusion."

Mr Johal has been a guest of the club at a number of the Shrimps' home games recently and there has been speculation for weeks that he is a potential buyer.
He is the founder of Vitanic Holdings Limited, a non-alcoholic beverage company based in Birmingham.
In September, Morecambe FC announced that Jason Whittingham of Bond Group Investments and Colin Goldring were stepping back from their positions on the board of directors, as the club was being prepared to be sold. Bond Group Investments own the club.


Lancaster Poundland store set to close
Dad's marathon fundraiser 40 years on from baby son's cot death
Morecambe FC owners break ties with public face of takeover over suspected terrorism link
Lancaster BID releases five-year plan to boost city centre ahead of new year vote
Crews tackle electric bike garden shed fire in Lancaster
Lancaster firefighter reflects on the night Storm Desmond devastated city on tenth anniverary
Lancaster young voices shine at the Great Lancashire Debate
Tremor felt across Morecambe and Lancaster area after minor earthquake
Upgrade for rural wastewater treatment works near Carnforth underway
Wife's new book celebrates artist husband and their life story from Czechoslovakia to Lancaster
Police aim to ensure crime levels – as well as temperatures - drop this winter
Police begin spot checks in Lancaster for Christmas drink and drug driving campaign
LISTEN: Lancaster man tells how he turned his life around ahead of sleep-out for homeless
Tributes paid to former Morecambe FC director who was "a top gentleman and true Shrimp"
Charity Morecambe Bay Calendar gets backing from The Bay TV star
Flats plan revealed for former Morecambe town centre bank
Mr Motivator teams up with Lancaster University to help cancer patients prepare for treatment
Longest running music festival in Morecambe cancelled in 2026
Council appeal for help to catch fly tipping culprits
Crews attend domestic building fire in Halton

