Chief executive of Crawley Town FC Richard Low , is seeking a new owner for Reds after the current board announced they were looking to sell the club on Saturday. Low has already met with one potential purchaser but is states there is no plan to dash into a deal unless it guarantees Crawley the opportunity to continue to advance both on and off the pitch.
The current board's cash injection in 2010 has assisted Reds to consecutive promotions and reaching the fifth round of the FA Cup for the past 2 seasons.
However funding has dried up this season and the current owners have decided new investment is the best way to enable Reds the opportunity of reaching the Championship.
Low said: "The current board have worked so hard over the last three years but it has got to the stage where it is going to take a lot of money and even more hard work for the club to continue to be ambitious. They have done a brilliant job and leave the club in a great position and have decided it is time to hand over the reins. “I think it has been a very difficult decision for them to make but it shows how much they love the club that they have come to this decision"
"It needs new blood and enthusiasm as well as more money so I think it is quite honourable what the board has agreed to do."
Low has been issued a two year contract extension to direct the hand over to a new owner and points out the process is likely to take some time.