The Evening Standard have reported that two possible investors have withdrawn their interest in Dagenham & Redbridge, increasing fears for the future of the Vanarama National League club.

The article states the following:

The National League side fear they could go out of business after major benefactor Glyn Hopkin resigned as a director and stopped funding them. Dagenham had been talking to three potential investors about injecting money but two have now pulled out.

They remain in discussions with one consortium but negotiations are still at a very early stage and fears are growing the club, founded in 1992, could go bust. Dagenham need around £250,000 to pay their running costs until the end of the season and their situation could become critical by the end of April. The club have appealed for other investors to come forward to save them.

Dagenham are not in debt and do not owe any creditors, but they fear for their future after local businessman Hopkin walked away following a fall-out with a section of fans. West Ham have agreed to play the team managed by John Still in a friendly on March 21 to raise finances.

Read more: www.standard.co.uk

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