National League Rochdale are reportedly set to avoid going into liquidation thanks to an American investor.
According to the Guardian, the National League club have received numerous bids since they announced that they could potentially go out of business and they are now likely to enter a period of exclusivity with one aspiring investor.
The report states that Dale require £2m investment to keep the club afloat.
One complication to any deal is a proposed change to Rochdale's existing shareholder structure, a vote due to take place on 7 March to potentially enable 90% of shares to be sold in one transaction - a step that will need to be taken prior to any takeover of the fan-owned club.
Last week, Rochdale's chairman Simon Gauge said: “To be clear, the existence of Rochdale AFC is at stake. The opportunity to give a long-term future is now in the shareholders’ hands.”
Dale currently sit 11th in the National League, nine points shy of the play-off positions.
