National League club Dagenham & Redbridge appear to be edging closer to a potential takeover after it was confirmed at a recent fans' forum that the club's shareholders are currently in talks with two separate consortiums regarding “investment into the club”.
The news will likely be met with enthusiasm among the Daggers' fan base who have seen their club suffer financial problems over the last few months, which have served to reduce manager Peter Taylor's budget.
A statement on the club's official website read, “At the recent fans forum Club Managing Director, Steve Thompson, informed supporters that the shareholders were in discussions with two consortiams regarding investment into the club.
One of these parties is made up of American investors who had visited the club on the day of our pre-season friendly v Cambridge.
We are pleased to advise that members of this consortium visited again last weekend and that negotiations are now at an advanced stage. The full terms of the agreement are still being finalised but would see them taking a controlling interest in the club whilst preserving the 26% holding of the Members Club.
The agreement is still subject to due diligence being completed and approval of both the Football Association and National League. However, such is the advanced stage of the negotiations the Directors felt it was now an appropriate time for a statement to be issued.”
Dagenham & Redbridge are currently sitting in at the bottom of the National League table, having only mustered one point from their opening seven league games.
