Businessman's Carlisle Utd investment bid on hold

Carlisle United have revealed that talks with potential investor Andrew Lapping are now on hold after the club announced a prospective new investment offer from a second party.

In a statement released yesterday evening the club said it had held lengthy discussions with legal and financial advisers and has subsequently decided that current discussions about the club's shareholding should be temporarily put on hold until this new offer is fully assessed.

The Blues say the proposed investment is structured over a three to five year period as opposed to a one-off injection of funding.

However businessman Andrew Lapping, who has been working with the club for several months on his plan, said he was "shell-shocked" and hadn't seen this potential second investment coming.

Meanwhile United Supporters' Trust said in a statement that they remain committed to Mr Lapping's plan and had been surprised by the announcement of the alternative bid