Blackpool have announced they are on the brink of completing an agreement with an investment group that seeks to take the club back up to the Premier League.

The Oyston family, which currently owns the League One outfit, has been the subject of a continuing campaign by Tangerines supporters seeking fresh leadership.

A statement published on Friday states that the group plans to return Blackpool to the Premier League and rebuild the relationship with the fans.

"An agreement is close to being finalised for an investment group to have an active and serious financial involvement in the future of Blackpool Football Club and other related companies," the statement read.

"The investment group, which holds international business interests and connections in the sports and commerce industries, has a passionate love of the game and links with other football clubs overseas.

"The investment group has a three-to-five-year plan for the club, with the ultimate aim of regaining and sustaining Premier League status. The plan would also result in significant expenditure on player recruitment, the stadium, the training ground and the redevelopment/expansion of other existing and new facilities.

"Well aware of the issues that have beset the club in recent years, the investment group is determined to build up a strong relationship with supporters and bring out the exciting potential of Blackpool Football Club once again."

A spokesperson for the Oyston Group said: "This is an amazing opportunity for Blackpool Football Club. The investment group is extremely ambitious and has the financial resources to take the club back up the leagues once more.

"We hope this news will be greatly received by the Blackpool fans, the wider general public and viewed as a positive and major step forward in the development of our club.

"The investment group's proposals are very exciting and will not just secure a successful future for the club, but also help to promote and strengthen the businesses and tourism in Blackpool, and on the Fylde Coast."

Blackpool are hoping that the agreement with the investment group will be completed within the next two weeks.