Following speculation over the weekend surrounding some of the shares in Rochdale Association Football Club Limited being purchased by a third party; Simon Gauge and Tony Pockney met with the prospective new investors on Tuesday afternoon.
Club Chairman, Simon Gauge commented: “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.”
Director Tony 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.”
The club is working closely with the EFL and the new investors with regards to the EFL’s Owners and Directors test, and will make a further announcement once this is concluded. If discussions prove successful, the investors have committed to present to shareholders and fans prior to any final arrangements being concluded.