A 20-year-old businessman Sarbjot Johal is all set to take over Morecambe. In September, the Shrimps, whose owners are Bond Group Investments put the club up for sale, are 19th in League One. Co-chairman Graham Howse said Johal's takeover will depend on him passing the EFL's owners and directors' test. Howse told the club website that Johal's purchase had not "progressed as quickly as we all would have liked" but "exciting times are ahead both on and off the pitch". "Sarbjot, through his company Sarb Capital, has recently purchased equity in the club, injecting more than useful income into us," Howse said.