Tyson Fury suffers blow in Morecambe takeover bid as League One side get taken over by 20-year-old businessman

TYSON FURY has been pipped to buying League One side Morecambe FC – by a 20-year-old businessman.

The WBC heavyweight champion – who lives in Morecambe Bay – revealed his eagerness to buy the Shrimps last October.

Morecambe FCTyson Fury revealed his eagerness to buy Morecambe FC last year[/caption]

https://www.instagram.com/mrsengh/ INSTAGRAM@MRSENGHBut he’s been beaten to the punch by 20-year-old businessman Sarbjot Johal[/caption]

But a young entrepreneur has beat him to the punch by buying equity in the club.

Sarbjot Johal recently acquired a stake in the club and, subject to approval from the Football League, will become the club’s new owner.

A statement from chairman Graham Howse read: “As at the end of the summer transfer window, I thought I’d take the opportunity to round up a couple of matters.

“This transfer window has been a challenge for the Club due to budget constraints but it’s fair to say Derek, Greg Strong and the recruitment team have worked wonders in sourcing players to enhance the squad, we all witnessed how effective that was at the weekend against Bristol Rovers.

“We wish those well who have departed and welcome the new players to the Club to be part of the journey.

“The scattergun approach to players’ movement on social media never fails to amuse me, but we deal in facts and reality, not idle speculation.

“It is fair to say the sale process hasn’t progressed as quickly as we all would have liked – that said, my understanding is that exciting times are ahead both on and off the pitch.

“Sarbjot Johal is eager to start the project to take the Club on to a new level, subject to satisfactorily navigating the EFL Owners and Directors’ test.

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“Sarbjot, through his company Sarb Capital, has recently purchased equity in the Club, injecting more than useful income into us.

“I am, along with Sarbjot, keen that the process should now move on at pace to come to a positive conclusion.”

Sarbjot amassed his wealth through his venture capital and private equity firm, Sarb Capital.

Fury, 34, has regularly dipped into his own pocket to help out his local club and recently struck a sponsorship deal with the Shrimps.

Last year, he told talkSPORT: “I’ve been offered to buy Morecambe Football Club.

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“I own all the training facilities anyway and the training gym.

“So, who knows? You might be looking at a football club owner.”

Fan favourite Fury is currently gearing up for a blockbuster undisputed heavyweight title fight with Oleksandr Usyk.

A date for the historic bout has not yet been announced, although it’s expected to take place on April 29.