A CONSORTIUM of local businessmen are in advanced talks to buy East Fife Football Club, the Mail can reveal.
The group had hoped to complete the takeover early this week but some of the finer details have yet to be finalised.
It is now hoped that the deal will be concluded by the start of next week.
The Mail understands that talks have been on-going for some months, with the consortium looking to buy a 55 per cent controlling share in the club.
A source close to the takeover talks told the Mail on Tuesday that discussions have now reached the due diligence stage.
The key people involved, however, do not want their identities disclosed at this stage.
Any takeover of the club could place the position of manager Billy Brown in doubt – this despite chairman Sid Collumbine’s remarks last week that Brown would remain at the helm next season.
Brown kept the club in the Second Division this season after guiding the side to nervy play-off wins over Peterhead and Berwick Rangers.
Meanwhile, East Fife play-off hero David Muir will not be returning to the club next season after confirming a move to Canada.
Muir, who scored the winning goal against Peterhead that kept the Fifers up, has spent the last six years at Bayview, but is moving to Toronto to live with his girlfriend.