League Two side Yeovil Town have issued a statement denying talks they are about to sell the club.

Reports have suggested that they were in discussion with a consortium of local businessmen, however The Glovers, who recently hired consultancy firm Insight 63 said in a statement on their Official website:

"Yeovil Town Football Club is aware of rumours circulating regarding a proposed takeover led by a consortium of local business people. The club can confirm these reports are without substance.

"Chairman John Fry and YTFC would like to take the opportunity to inform the club's fanbase that the reports are without substance.

"As previously relayed, the club is looking to build for the future and recently engaged Insight 63 Ltd – led by Mark Palmer. Insight 63 are aiding and advising with regard to the club's long-term future, but the sale of the club is not currently part of Insight's remit or the intentions of YTFC's majority shareholders.

"Whilst rumours regarding an imminent takeover can be categorically denied, YTFC would also like to take the opportunity to inform supporters that there will be communications in the coming weeks as a result of Insight 63's report, which has not yet been completed."