League One strugglers Stockport edge closer to takeover
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."
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