20-year-old tycoon’s fortune explained as Fury pipped in takeover bid

Entrepreneur Sarbjot Johal is supposedly in the process of purchasing League One outfit Morecambe ahead of Tyson Fury, who recently claimed that he was considering a takeover bid of his own. At 20 years old, Johal would become the youngest owner in the Football League if the club – thought to be worth £20million – falls into his control.

Morecambe chairman Graham Howse has already confirmed that Johal will be the new owner through his investment firm Sarb Capital, providing it passes the EFL’s owners and directors test. The youngster has struck a deal with the current owners, Bond Investments, and already holds an equity stake.

“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,” read part of Howse’s statement. “I am, along with Sarbjot, keen that the process should now move on at pace to come to a positive conclusion.”

The proposed takeover comes just weeks after heavyweight boxing champion Fury, who lives in Morecambe, confirmed that he was weighing up whether to take on the new venture. The undefeated star has already pumped money into the Shrimps as his Gypsy King logo features on their match-day kit.

READ MORE: Man Utd’s jaw-dropping XI if Elon Musk buys club for £4.5bn and spends £161m

Speaking to talkSPORT in October last year, the Brit explained: “I’m thinking about buying Morecambe Football Club, they’re in League One at the moment. So I was thinking I invest X amount of millions in them.

“I own all the training facilities anyway and the training gym. So, who knows? You might be looking at a football club owner.” The Shrimps are currently 21st in League One and their battle to avoid relegation to the fourth tier will continue with a tricky trip to Sheffield Wednesday on Tuesday.