NEWPORT County AFC Supporters Trust has tonight issued a statement confirming that it is in talks with former chairman Les Scadding about a potential takeover of the club.

The statement reads: "We confirm that we are in discussions with Les Scadding over the transfer of his shares.

"We greatly appreciate Les' backing for the Trust and hope to work with him to ensure we continue to build upon his already significant contribution to both the Club and City.

"Contrary to some reports we can confirm we have not outbid any another group and are committed to working towards securing an agreement which is mutually acceptable to both parties.

"In addition we can also assure supporters we are solely representing our members, and future members, and are not working with any other group.

"Furthermore any agreement will also have the interests of supporters and the club at its core.

"Due to the nature of the confidentiality agreement in place communication will be limited in the Due Diligence period. We will however openly communicate any developments to supporters as soon as we are able to do so."

Anyone interested in joining the Trust should visit http://www.ncafctrust.org