It follows a crunch vote last night
The Football Club LLC , a group headed by businessmen Justin Corrado and David Dwyer, has today signed a letter of intent to buy the Spotland club. in which shareholders at Rochdale voted to dillute their holdings in order to create nine million new shares.
Little is currently known about the new bidders, but they are set to unveil further details about their plans for Rochdale on March 14. This includes a plan to return 5 per cent of the club’s shares to the Dale Trust, TFC say. Mr Corrado and Mr Dwyer are understood to have been speaking to representatives of the club for some two months and attended a game in early February.
“Our goal is to rejuvenate Rochdale AFC in partnership with the fans and community. TFC proposes to provide financial investment, support for players and coaches, and to put a football and business plan in place that will drive results on the pitch.”
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