Morecambe confirm 20-YEAR-OLD is set to take over after business tycoon beats Tyson Fury to become new owner

MORECAMBE are set to be overtaken by 20-YEAR-OLD businessman Sarbjot Johal, according to reports.

Chairman Graham Howse put the club up for sale in September.

Instagram @mrsenghSarbjot Johal is on the verge of buying Morecambe[/caption]

PAJohal has beaten Tyson Fury to the deal[/caption]

And now the Daily Mail have claimed that the League One side are on the verge of being purchased by entrepreneur Johal.

Heavyweight champion Tyson Fury, who lives in Morecambe, was offered the chance to buy the club back in October and already invests in the club.

But the Gypsy King is set to lose out.

That’s because Howse has confirmed Johal is in the process of becoming the new owner and is eager to get the deal completed.

He said: “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.”

If he passes the league’s regulations, he’ll become the youngest owner in the EFL.

Despite the good news off the pitch, Morecambe are still having a tough time of things on the pitch.

Although an upturn in fortunes since Christmas has seen the Lancashire club climb out of the relegation zone.

Derek Adams’ side have won four home games on the bounce, going from 24th to 19th in the space of a month.