THE future of Kidderminster Harriers looks to be secure following a meeting bet-ween majority shareholder Lionel Newton and a consortium bidding to buy the club.
During the meeting, heads of terms were agreed for the Kidderminster consortium -- Aggborough Holdings -- to acquire Newton's shareholding with the intention to sign formal contracts this week.
Joe Hancox of Howarth Clark Whitehall, auditors of the Nationwide Conference club, presided over the meeting between the two parties.
Harriers' vice-chairman Barry Norgrove and retired businessman Neil Savery are behind Aggborough Holdings, who have put a £400,000 offer on the table to majority shareholder Lionel Newton.
It is hoped the end of the power-struggle at Harriers will finally allow manager Stuart Watkiss to make summer signings ahead of the new season.
The main delaying issue was over whether the consortium would buy Newton's shares, available for just £1 alongside the investment, rather than loaning the club money.
The two parties have been locked in discussion with both agreeing to a confidentiality agreement, meaning the saga has run on throughout the summer.
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