Daggers in advanced talks with American investors
PUBLISHED: 14:06 29 August 2018 | UPDATED: 14:06 29 August 2018
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Dagenham & Redbridge are in advanced talks with American investors and the full terms of the agreement are still being finalised.
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 against Cambridge.
The club statement said: “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.