THE Sterling Consortium will today issue a statement about its planned take-over of Darlington Football Club.
Administrators revealed on Friday that they had exchanged contracts with the finance group for the sale of the business and assets of the Quakers.
Sterling, which loaned £4m to ex-chairman George Reynolds to help complete work on the Reynolds Arena, will outline its aspirations for the club in its announcement.
They are likely to include working alongside a fans-backed local consortium of businessmen in the running of the club.
However, the deal is subject to the approval of creditors - including Mr Reynolds.
He has already said that he will vote against the Sterling take-over at the next creditors' meeting.
The Sterling deal is the only workable offer on the table to rescue the club, but Mr Reynolds insists the best way forward is if the previous regime returns.
Read more about the Quakers here.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article