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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."
Latest ITV News reports
Bury have undertaken "positive discussions" over potential new investment as the club continues to battle for their future.
Bury manager Kevin Blackwell faced the press alone this lunchtime, unable to offer any assurances over the clubs future.