TOWN'S long running takeover saga has taken a new twist with both sides expressing a willingness to make progress.

The fans consortium believes it is best equipped to take the club forward but the current Town board has consistently denied that any bid had been made in a legally-satisfactory form.

A club statement has hinted that there is now a basis for discussion, although talks will continue with other potential investors.

A club statement read: "We previously reported that the Club was in dialogue with Bill Power in relation to his involvement.

"Having made proposals to deal with those issues, the Club received a detailed response last week.

"It has now subsequently had the opportunity to review this with its lawyers.

"Part of the reply indicated a willingness on behalf of Mr. Power to explore a takeover of the club.

"Whilst the club is involved in other substantive ongoing discussions with potential investors, it will also continue discussions on a confidential basis with Mr Power's representatives.

"The board wishes to assure the fans that this matter will not affect or detract the club from focusing on promotion back into League One at the end of this season.

"No further comment will be made pending those negotiations taking place."