Board members of Rochdale AFC have held an initial meeting with prospective new majority shareholders of the League Two club.
Chairman Simon Gauge and director Tony Pockney held the discussion on Tuesday, July 6, following speculation over the weekend surrounding some of the shares in the club being purchased by a third party.
The move comes after the club's chief executive left his position at the end of June.
The club were put up for sale after a pair of New York-based investment managers pulled out of talks to financially boost Rochdale AFC over "serious internal issues".
Mr Gauge said: "We had a constructive initial meeting on Tuesday afternoon and discussed a wide range of topics.
"Nothing discussed raised any alarm bells but we will continue talking and carrying out due diligence.
"The prospective new majority shareholders have indicated that they would like the existing board to continue with two additional directors of their choice with no previous connection to the club. I am happy to continue as long as I believe it is in the best interests of the club.
"They are very keen for us to continue to operate the club on a sustainability model but will put in investment to clear the club’s debt and increase the playing budget for the coming season."
Mr Pockney added: "I’m pleased that we have held a positive meeting. The potential investors disclosed their background, business interests, discussed plans and ambitions for Rochdale AFC including investment in the squad, academy and infrastructure.
"I was delighted that they expected to ensure continuity in the influence that major shareholders and fan representatives would continue to have on the day to day running of the club."
