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Page last updated at 21:10 GMT, Friday, 9 April 2010 22:10 UK

League One strugglers Stockport edge closer to takeover

Stockport County

The administrators of Stockport County have entered into an exclusive agreement with a fresh consortium as they seek to find a buyer.

The club, bottom of League One and seemingly doomed to the drop, have been in administration since last April.

The new bid is fronted by former County chief executive Sean Connelly and fans' representative David Schofield.

On Wednesday, the Football League rejected a bid believed to be led by ex-Manchester City player Jim Melrose.

Administrators Leonard Curtis said they hope to sell the club by mid-May.

Their statement read: "We are pleased to announce that we have entered into an exclusive agreement with the 2015 consortium headed by Sean Connolly and David Schofield in respect of their purchase of Stockport County Football Club.

"We hope to progress to a sale of the Club by mid-May 2010 at the latest.

"We would like to express our thanks for the continued support of the fans of Stockport County FC."

606: DEBATE

County must exit administration by the start of next season if they are to avoid expulsion from the Football League.

The administrators' prolonged talks with the consortium thought to be fronted by Melrose appeared to have reached a conclusion when the League rejected an application to sell the club.

Wednesday's statement said: "The board of the Football League considered an application for transfer of membership relating to Stockport County.

"The board was unable to approve the application due to concerns about the proposed business plan and ownership structure.

"The League will now continue to work with the administrator to help secure the club's long-term future and would encourage potential investors to come forward as a matter of urgency."



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