Rival consortium pulls out of investment talks at Doncaster

The news that the bid, believed to have been backed by one of Rovers’ three majority shareholders, Terry Bramall, comes after an offer from the Sequential Capital consortium supported by a wealthy Belize-based tycoon and favoured by club chairman John Ryan stalled at the end of the summer.

But club officials are keen to stress that Rovers’ main backers of Ryan, Bramall and Dick Watson will continue to support the Champiponship outfit, despite the dual investment blow.

The agent handling the alternative offer for the club favoured by Bramall emailed club officials over the weekend and the Yorkshire Post understands that they have now withdrawn their bid.

Ryan has met with the club’s main supporters’ branch representatives and explained in detail to them the current position.

They have unanimously backed his continued aim to bring in new investment to the club, with Ryan adamant with the right investment, Rovers can achieve his dream of reaching the Premier League and follow in the footsteps of the likes of Hull City and Wigan Athletic.

Earlier this month, Sequentia – despite their bid stalling – re-iterated that hopes of a deal aren’t dead, but warned that the clock was ticking and that they ‘cannot keep holding out.’

They have boldly pledged to spend upwards of £20m to help the club achieve their Premier League dream – if their bid is successful and approved by the club’s majority shareholders.

As well as revealing they are willing to pump £20m-plus into squad recruitment, Sequentia also revealed ambitious plans to increase the capacity at the Keepmoat Stadium to 21,000 if the club makes it to the top-flight for the first time in their history.

Sequentia spokesperson Kevin Phelan said: “People might think ‘Doncaster Rovers in the Premier League? But why not?

“We were involved at Hull City in the late eighties and look at them now. We’re prepared to invest £20m plus over the next three to five years. I cannot keep holding out though.”