Raj Singh will not be investing in Darlington following stinging criticism from supporters of the clubs.
The Quakers announced on Wednesday that Singh – seem by many as part of the season that the original club folded – was due to invest £40,000 in the new club.
That was met by fury on online and the Vanarama National League North club will now have to look for investment elsewhere after the plug was pulled.
Sirector John Tempest said “Darlington Football Club would like to announce that Raj Singh has decided to withdraw his interest in investing in the club.
“Raj and his family have spent the last 48 hours viewing various social media platforms and in the light of the very negative comments being made, he and his family feel it is inappropriate to move forward with the possible investment.
“Raj’s initial commitment was to invest in the club, particularly the playing side, and in his words “he felt there was unfinished business.”
“As a consequence of his withdrawal and the reasons for it, a second potential investor has also decided not to continue exploring his potential involvement”