Rochdale chairman Simon Gauge says he is in discussions with investors interested in making his side part of a multi-club ownership group.
Such groups – where individuals or consortiums own stakes of different sizes in clubs from different leagues around the world – are increasingly common, with Todd Boehly having stated his interest in building a stable of clubs around Chelsea.
The City Football Group, spearheaded by Manchester City, is one of the most successful and high-profile examples of such a group, but lower down the pyramid nine current EFL clubs are also owned by individuals or groups with interests in other teams overseas.