Carlisle set for further talks

Carlisle will hold further talks with a potential new investor "within the next five to 10 days", the club has confirmed.

The Cumbrians had an initial meeting on Monday with an unnamed consortium which has proposed "substantial investment" in the club over the next three to five years. A club statement read: "The next stage of talks between Carlisle United FC directors and the leader of a new party, which has put forward a substantial investment proposal for the club over a three to five-year period, will take place at a meeting within the next five to 10 days. "This follows initial negotiations. We will endeavour to keep our supporters and other interested parties informed about any major developments during these on-going negotiations, while respecting the wishes of the latest potential investors for their identity not to be revealed at this stage. "The club also respects the position of the Trust and its right to negotiate its share percentage of the club with future investors." Carlisle had been in the process of appointing a new managing director, but that has been put on hold. Club chairman Andrew Jenkins said: "We are looking forward to making further progress with the prospective new investors before the end of this month when we sit down with them face-to-face. "We recognise that the issue of the club's shareholding needs to be settled at the earliest opportunity. "However, it is imperative that we choose the best option which will move the club forward at this critical point in our history."