Plymouth Argyle Football Club has moved to clarify speculation linking Peter Ridsdale with a takeover of the club.
The Npower League One side was issued with a winding up order from HMRC regarding an unpaid tax bill.
Former Leeds United and Cardiff City chairman Ridsdale has held a meeting at Home Park regarding investing in the club.
A statement on the club’s official site said: "There has been speculation about the fact that Peter Ridsdale has been spending some time meeting with executives from Plymouth Argyle Football Club.
"Peter has extensive experience in football and is just one of a number of parties that we have undertaken exploratory discussions with regard to potential future investment.
"If and when there is anything further to add we will do so at the appropriate time."
The club has confirmed that players and staff have yet to receive their wages for November.