BURNLEY Football club chairman Frank Teasdale has met tycoon Ray Ingleby for talks about a Turf Moor takeover.

The New York-based multi-millionaire held discussions with the Clarets chief before Christmas during a family visit to Lancashire.

And Mr Teasdale said further talks were planned.

But the timing of future discussions remains unclear.

Mr Teasdale said: "I will speak to Mr Ingleby as soon as possible.

"But the idea that he is banging on our door is not true.

"He said 'I'm here as and when you are interested'.

"We did not talk figures, it was just a chat.

"There will be dialogue as and when he comes back off holiday.

"We are prepared to talk to people as far as investment into the club is concerned.

"We have always said that and we still mean it.

"We will continue to work in the best interests of the football club for the good of everybody concerned. Hopefully the next time we meet the shareholders we might have more meat on the bones." That time is likely to be at a special meeting, still to be arranged, to discuss a special resolution - to grant the board the right to allocate or sell new shares without input from other shareholders - defeated at the annual general meeting on Boxing Day.

A date for that meeting is likely to be arranged at the next board meeting in January. Mr Ingleby, currently on holiday in Florida, was expecting to hear of any developments from the Burnley board this week.

Meanwhile, player-manager Chris Waddle is ignoring all talk of takeovers as he tries to chart a course to Second Division safety.

"This seems to have been going on for quite a long time, before I came here," he said.

"But these things are part and parcel of the game and you have to get on with it.

"If we were in the top six or seven of the table, probably nobody would be saying anything.

"But we try not to let it get to the players and I wouldn't say it has affected them."

While any manager would welcome a financial investment in their club - and the Burnley boss is no different - Waddle does firmly believe any new backers must have the right motives. "Everybody keeps saying we need it (new investment), but you don't just want someone coming in on an ego trip," he said.

"It has nothing to do with my side of the club and all we are trying to do is get on with working with the side.

"But I am sure it will sort itself out in time.

"It seems to me that the board we have now are looking to make sure that if there is to be some new backing then it has to be right for the club.

"You can't blame them for that. It is too easy to move out of the way and then find someone is on an ego trip."

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