A Take-Over Imminent?

A take-over of Stockport County appears to be close as The Gibbons consortium pulls out of the running to buy the club, and ex-City player Jim Melrose signs an exclusivity of agreement to buy County.

The Gibbons consortium pulled out due to what is believed to be a lack of funds, and now that leaves Jim Melrose (allegedly backed by a consortium consisting of a businessman interested in buying Everton FC, and even Graeme Souness) in the clear to take over control of the club.

A press release from Melrose or Melrose’s representatives is due sometime over the next 24 hours, check back here for all the latest.