REDLAND
Active member
Trust Oldham, the fans group hoping to save the club, have welcomed the interest shown by overseas investors.
Two US-based businessmen have paid £200,000, allowing administrators PKF to keep Oldham running into November.
"This funding is a show of commitment and will hopefully lead to bigger and better things," trust director Alex Metcalfe said.
"If they don't take over, there's always a risk that other investors will have been deterred from staying."
The businessmen are understood to have gained a period of exclusivity through their financial contribution in which they can fully formulate a takeover package.
However, another £500,000 needs to be found in order to form a new company and show that there is enough money in place for the club to satisfy creditors until the end of the season.
Metcalfe added: "It's cause for optimism and a very welcome step forward."
Two US-based businessmen have paid £200,000, allowing administrators PKF to keep Oldham running into November.
"This funding is a show of commitment and will hopefully lead to bigger and better things," trust director Alex Metcalfe said.
"If they don't take over, there's always a risk that other investors will have been deterred from staying."
The businessmen are understood to have gained a period of exclusivity through their financial contribution in which they can fully formulate a takeover package.
However, another £500,000 needs to be found in order to form a new company and show that there is enough money in place for the club to satisfy creditors until the end of the season.
Metcalfe added: "It's cause for optimism and a very welcome step forward."
