Cheltenham Town Football Club (CTFC) and Cheltenham Racecourse are continuing talks over the potential for a new football stadium development at the town's horse racing venue.

Edward Gillespie, managing director of Cheltenham Racecourse, told BBC Gloucestershire: "We meet regularly to try and get this dialogue moving forward.

"The next three or four months would be important. We have so much more information than we had in the summer and are in a better position to make a decision."

Earlier this year, CTFC chair Paul Baker told shareholders that it was "still possible" that the npower League Two club could move from its current Abbey Business Stadium home.