Motherwell have confirmed the discussions over investment with a US based family have reached the next stage.
The club released a statement on their official website stating: “The Executive Board of the Club would like to confirm that investment discussions with a US-based family have reached the point where both parties wish to move forward to the next stage and have therefore entered into an agreement on a non binding Heads of Terms.
“Both parties will now work on formalising these into a legal framework which can be put to a shareholders vote.
“The investor has expressed his desire to work in partnership with the Well Society.
“The process of formalising the Heads of Terms is likely to take around six weeks and we will keep you updated on progress.”
