Businessman Joe Sealey has agreed a deal in principle to purchase League Two side Macclesfield Town, according to Sky Sports News.

The Silkmen are currently in the midst of serious financial turmoil after facing several winding-up petitions and struggling to pay their players over the course of the summer and the season so far.

Macclesfield parted company with manager Sol Campbell at the start of the season and tensions have grown between the now-Southend manager and the club as he seeks to be paid the £180,000 the club owes him following his departure while backing a winding-up petition from HM Revenue & Customs.

The problems appeared to be bubbling beneath the surface as the season begun, with Bolton and Bury taking the headlines with their early-season disasters. However, the problems rose to the surface in recent months as the club failed to pay the players and staff for the month of October, causing them to strike for their FA Cup first-round tie against Kingstonian.

The Silkmen were thumped 4-0 on the day as they fielded no first-team players.

There are now signs of positive news on the horizon as Sky Sports News have reported that businessman Joe Sealey has agreed a deal in principle to buy the club from current owner Amar Alkadhi.

Sealey is the son of former Manchester United goalkeeper Les Sealey and it was revealed around a month ago that he had declared interest in buying the club from Amar.

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The Verdict

Finally some positive news for the Silkmen who will have been wondering whether they will ever see the end of this financial woe, with the dramas now affecting their performances on the pitch.

It is great news for the club and the fans will be hoping that they can put these horrific six months behind them now and finally focus on on-pitch matters going forward.