Bury FC, who are bottom of League One, say they need £1million to survive.
The board say they are in discussions with investors.
Bottom of league one club Bury , say they need one million pounds to survive. Today they made an official plea for new investors to come forward.
Manager Kevin Blackwell faced the press alone this afternoon and admitted it was all "as clear as mud."
Bury released a statement from the board detailing "positive discussions" in the wake of yesterday's announcement.
The statement read: "The board can confirm that we have had positive discussions with potential investors to secure the long-term future of Bury Football Club.
"We anticipate that the investment funds being requested will be used to continue running the club in a normal trading manner which would include paying outstanding creditors and season ticket commitment.
"We would hope that supporters will continue to support the club in the remaining fixtures."
Bury FC has been experiencing financial difficulties all season and we are currently in a transfer embargo imposed by the Football League because of our short term loan from the Professional Footballers Association.
At this moment in time the situation is now critical, we are quickly running out of money by trying short term fixes that are not working long term.
The club desperately needs £1million of external investment to secure the long-term future of the club.
Without this investment the club will cease to trade and there will be no more professional football played at Gigg Lane.
– Bury Football Club
We are looking for a number of people, local businessmen or women to join a consortium and invest £100,000 each, with a guaranteed payback.
If you are interested please call the club and we will explain in detail our business plan.
We need you now because I repeat the club will close.
We have a responsibility to all of our staff, players and creditors to not allow the situation to get any worse.
This plea is serious; if you can help us and at the same time enjoy a return on your investment please contact the club.