A letter of intent to buy Rochdale, a team in the National League, has been signed by World Soccer Holdings LLC
Simon Gauge, the club’s chairman, warned earlier this month that if new funding could not be secured by the end of March, the team might be forced into liquidation.
Last season, Dale were demoted from the Football League after 102 years.
The transaction is contingent upon the motions to create shares being approved by shareholders at the Extraordinary General Meeting on March 7.
Gauge stated on the club website, “We are thrilled to receive the LOI from World Soccer Holdings.”
“Investment in the club is essential for our survival, and WSH tick so many of the boxes that we have been looking for in an investor.”They bring with them knowledge in the field, a long-term sporting plan for the club, and a history of successful sporting investments.”
Scott Dyer, CEO of World Soccer Holdings, said that the company will attend the upcoming home match against Oxford City on Saturday, March 9.
“The club’s history and tradition are deeply respected and appreciated by us, and we are appreciative of the efforts and sacrifices made by the board, personnel, and supporters to enable this cooperation.
“We look forward to engaging now with the Dale Trust to answer any questions that they may have regarding our investment and with local politicians to gauge the level of support we can expect to receive to support our investment in Rochdale.
“We could not let 100 years of history go to waste, and we believe we can work together to elevate the Dale back to its previous heights and beyond.”
