A deal has been agreed for the acquisition of Scunthorpe United by a local group headed by Simon Elliott and Ian Sharp.
The National League club will now work with them during the final due diligence and transition into their ownership over the coming weeks.
From owner Peter Swann said: “We needed to ensure that the club wages for November were paid as soon as possible, which will happen later today or tomorrow thanks to the deal and ensure the long-term future of the football club with new investment.”
COO and chairman Lee Turnbull said in a statement: “We warmly welcome long-standing Scunthorpe United supporters Ian Sharp and Simon Elliott to the Football Club. Both have worked tirelessly to secure the future of the Iron and after many long hours have finally achieved their goal by agreeing a deal with Mr Swann.
“I wish Peter and Karin Swann well, whatever the future holds. Their financial support over the last 10 years has been vital to sustain Scunthorpe United.
“A positive step forward off the pitch now needs to be replicated on the pitch. We will be helping the coaching staff by identifying some new additions.
“Our focus must be to climb the table and strengthen the squad.
“Hopefully with your support, we can boost attendances and get fans back in numbers to watch the Iron. We need local businesses to get back on board and the good people of North Lincolnshire to step up and help us get back on track.
“Let’s make the future bright, let’s look forward and not back, focus on the now and give everything for the club we love.”
