Sarbjot Johal, 20, wants to beat Tyson Fury in Morecambe takeover
EXCLUSIVE: Tycoon Sarbjot Johal, 20, is set to beat heavyweight boxing champ Tyson Fury by punch by completing multi-million pound takeover in League One Morecambe
- Tyson Fury is beaten in the takeover of his local team Morecambe
- 20-year-old investment mogul Sarbjot Johal is about to seal his own takeover
- sports mail has learned that Johal is in advanced talks to buy the League One side
Business tycoon Sarbjot Johal is set to complete a takeover in Morecambe and deal a knockout blow to Tyson Fury’s interest in the League One side.
sports mail has learned that wealthy investment mogul Johal is in advanced talks over a takeover of the Lancashire club.
Morecambe is valued in the region of £20million but it’s unclear what price Johal is willing to pay.
Sarbjot Johal (front row, second left) is in talks to buy League One club Morecambe
The 20-year-old would oust world heavyweight champion Tyson Fury to Morecambe
An agreement between Johal and current majority shareholders Bond Investments Ltd – owned by businessmen duo Colin Goldring and Jason Whittingham – is in effect, with the deal now awaiting EFL approval.
At 20, Johal is on the verge of becoming the youngest English football club owner.
Morecambe, currently third-placed in Tier 3, has been up for sale since the summer amid EFL concerns over ownership of Goldring and Whittingham.
But the deal is set to secure the club’s long-term future, news that will come as a huge relief to Morecambe fans.
Johal (front row, third from left) was present in last weekend’s 5-0 win over Burton
Johal and his staff took part in the Shrimp’s 5-0 home win over Burton on Saturday as he prepares to spearhead the club’s immediate attempts to avoid relegation.
The news ends Fury’s documented interest in buying his local club.
In October, the Morecambe-based world heavyweight champion publicly expressed his interest in buying the EFL club.
“I am thinking about buying Morecambe Football Club, they are in League One at the moment. So I figured I’d put X million into her,” Fury told talkSPORT.
“I own all the training facilities and the training studio anyway. So who knows? Perhaps you are looking at a football club owner. I have been offered to buy Morecambe Football Club.’
Fury has already invested in the club; His Gypsy King logo appears on the back of the team’s game day shorts.
He arrived at the game in style and continues talks to seal a deal from the club
However, Johal, chairman of private equity firm Sarb Capital, will beat Fury.
The Sikh entrepreneur’s vast wealth derives mainly from the soft drink industry and his aforementioned investment company of which he is the sole owner.
The League One club was officially launched in September and uncertainty has reigned at the club ever since.
Whittingham and Goldring’s credentials have been questioned in recent months after HMRC-owned rugby union team Worcester Warriors was disbanded by the pair – although Morecambe insists the two clubs have no ties beyond ownership .
The couple played a leading role in selecting a suitable owner for Morecambe and were at the forefront of discussions with Johal.
Morecambe, the EFL and representatives from Johal have been contacted by sports mail for comment.
https://www.dailymail.co.uk/sport/football/article-11598403/Sarbjot-Johal-20-set-beat-Tyson-Fury-Morecambe-takeover.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 Sarbjot Johal, 20, wants to beat Tyson Fury in Morecambe takeover