The Independent reports:
'A new age of football club ownership will dawn today with the announcement that MyFootballClub, a disparate internet-based collective of fans from more than 70 countries, has agreed in principle to buy a professional English club.
'The name of the club will be confirmed at www.myfootballclub.co.uk at midday. The Independent can reveal it plays in the Blue Square Premier. The most contentious aspect of the takeover is that MyFC members will pick the team.
'But it is understood that the club's manager is in favour of the buyout. He will advise MyFC members of his views but ultimately will be obliged to field whatever team the MyFC members select.
'However, the club's existing Supporters' Trust, which was informed of the takeover on Sunday, is also in favour of the move. MyFC was launched in April. It already has around 20,000 members who have paid a £35 annual fee to join, giving it a kitty of more than £700,000 - and growing - to take a controlling stake in the club and invest heavily in players.'