Accrington Stanley chairman Andy Holt says the club is “up for sale”.
Holt became the club’s majority shareholder back in 2015 and cleared its debts.
He wrote on social media: “So now @ASFCOfficial is up for sale. I won’t let the club fail, but I’m done.”
Holt added: “I’m not the right person to take this forward. Accy needs to change and become a new club with new methods. Football has evolved.”
The Reds currently sit seventh in the League Two table following Saturday’s 1-0 win against MK Dons at the Wham Stadium. Shaun Whalley got the decisive goal in the 31st minute to secure a third successive league victory.
The club was relegated from League One last season after a five-year stay in the third tier.
Several days ago, assistant manager Jimmy Bell admitted that his and long-serving boss John Coleman’s futures were uncertain. Their current deals are set to expire at the end of the campaign.
"Me and John want to stay and we'll do everything we can to move the club forward,” Bell told BBC Radio Lancashire.
"Our contracts are running down. We've been here a long time - I think it's 23 years in all. We absolutely love the club, the fans and everything about it.
"But I've got to work, and I would love that security again of having a four-year or three-year contract. John has to work as well, we're not fortunate enough to just retire.
"I find it amazing that we are running down a contract now. Andy has done magnificently for the club and at some stage we're going to have to have a chat - and I hope it's sooner, not later."
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