"An issue" remains between the owners of Morecambe Football Club and a prospective buyer that is holding up a potential sale, the League One side's CEO has said.
In an update to fans, Ben Sadler said that while "some progress" is being made, no agreement has yet been reached.
He also explained why current owners Bond Group acquired extra shares in the club this week.
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The update comes after the Lancashire club were put up for sale in September by Jason Whittingham and Colin Goldring who at the time were dealing with the collapse of their Premiership rugby side, Worcester Warriors.
There have also been reports in recent weeks that heavyweight champion Tyson Fury might be interested in the club.
Mr Sadler said: "The club ownership remains with Bond Group who have publicly put the club up for sale some months ago now.
"I understand that parties are making some progress in their discussions with Bond Group, but that remains an issue between those concerned and when there are any tangible and concrete developments that are confirmed with the board, we will of course be able to offer a more detailed update.
"This week, some of our eagle-eyed supporters have spotted a notice on Companies House that confirms 178,000 shares have been purchased.
"For clarity, these have been purchased by the ownership, Bond Group, as an injection relating to the ongoing and normal operation of the business.
"For us here at the club, the objective remains the same which is to maximise what we can within our resource and continue to work as best as we possibly can towards the ongoing plan to become a sustainable and competitive League One club."
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