Quakers push Singh's patience

Investors threaten to pull plug on takeover deal

Last Updated: April 22, 2009 3:05pm

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A potential investor for financially-crippled Darlington has threatened to withdraw his offer for the club.

Raj Singh is the head of a three-man consortium who, as yet, are the only group to have lodged a firm approach for the ailing League Two side.

However, on Tuesday, administrators extended the deadline for offers from last Monday to 5th May.

Singh believes this is a pointless exercise as the Quakers are struggling to generate interest, and feels his group are now being used as pawns to help 'smoke out' other potential buyers.

As a result, Singh's consortium have made it clear that should their bid still be left on the table by Monday, they will pull out of any possible deal.

"We have the final home game of the season on Saturday and as soon as that game is over, we need an answer," he told The Journal.

"We have made a very fair offer (which includes buying land surrounding the club's stadium) and we need to know by Monday - after that, the offer will come off the table.

Time-wasting

"I know this deadline has been put forward but the administrators have had enough time to attract a serious bidder.

"If they don't want to deal with us, then fine, they can find somebody else but I don't think they are going to get anyone else, to be perfectly honest."

Singh appears to make a good point, with one investor reported to be interested has moved to distance himself from the club.

Chester owner Stephen Vaughan was said to be keen on switching his allegiance to the North East, but the Blues supremo has been quick to dismiss the mounting speculation.

"I can categorically say that the reports and rumours are way off the mark," he told the Liverpool Daily Post.

"I was approached by George Houghton about various issues and we had a conversation but that was basically it.

"My focus is still with Chester City and our objective of staying in the Football League."