Fears grow for Dagenham and Redbridge future after potential investors pull out

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Giuseppe Muro6 March 2018

Concerns over the future of Dagenham and Redbridge are growing after two potential new investors withdrew their interest.

The National League side fear they could go out of business after major benefactor Glyn Hopkin resigned as a director and stopped funding them.

Dagenham had been talking to three potential investors about injecting money but two have now pulled out.

They remain in discussions with one consortium but negotiations are still at a very early stage and fears are growing the club, founded in 1992, could go bust. Dagenham need around £250,000 to pay their running costs until the end of the season and their situation could become critical by the end of April. The club have appealed for other investors to come forward to save them.

Dagenham are not in debt and do not owe any creditors, but they fear for their future after local businessman Hopkin walked away following a fall-out with a section of fans. West Ham have agreed to play the team managed by John Still in a friendly on March 21 to raise finances.

David Moyes, the Hammers manager, has pledged to name a strong team at the Chigwell Construction Stadium during the next international break. So far 3,500 tickets have been sold but Dagenham need more support.

All proceeds from the match will go to the Daggers and give them some breathing space in their bid to avoid going out of business.

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