SUPPORTERS of Darlington Football Club were today eagerly awaiting an announcement on the Quakers' future.
Administrators Wilson Field were in talks yesterday with the Sterling Consortium, the financier that holds a mortgage on the Reynolds Arena.
A statement is due to be released today, and is expected to announce that Sterling has agreed to fund a company voluntary arrangement deal to bring the club out of administration - provided creditors agree.
The Northern Echo understands that statement could also include a "declaration of intent" between Sterling and a consortium of local businessmen to work together in running the club.
Owning a football club would represent a step into the unknown for the Sterling group.
It has made high-interest loans in the past to struggling clubs but could reluctantly take charge at Darlington to protect its £4m investment.
The loan allowed work on the stadium to be completed
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