Dagenham & Redbridge are in advanced talks regarding a takeover of the Vanarama National League club.
The Daggers have encountered well-publicised struggles in recent times as the club bids to secure its future, but have shared some news regarding a potential takeover which is sure to enthuse supporters. The statement from the club reads as follows:
At the recent fans forum Club Managing Director, Steve Thompson, informed supporters that the shareholders were in discussions with two consortia 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.
Further details will be announced in due course.