TRURO CITY chairman Peter Masters says the club will require a half a million pounds of investment if they want to make it into the National League.
The White Tigers finished fourth in the National League South this season but lost 2-0 on aggregate in the play-off semi-final to Maidstone United.
The club had planned to go full-time if they won promotion but the Cornish side will be competing at Step 2 again next term and Masters is looking for serious investment.
Masters, who co-owns City with Philip Perryman, says £25,000 was pumped into the club, which will shortly be debt free, every month this season.
The pair took control of the club in 2012 as it was on the verge of liquidation and the chairman thinks a significant sum is now needed to take Truro to the next level.
“If someone wants to come in and take the club in its entirety, that’s fine,” Masters told BBC Radio Cornwall. “To run a football club and get promotion takes a lot of capital money to get it going, so I would be looking in the region of £500,000-plus.
“I’ve already had a number of people who have been in contact with me in regards to putting investment into the club and one in particular appears to be a good suitor, but the door’s open for anyone.”
The White Tigers will be remaining at their Treyew Road home next term while work on their new Silver Bow ground is started with the club hoping to move in ahead of the 2017-18 season.
In a statement on the club’s website, Masters invited possible investors to get in touch by the end of May with “very exciting and promising times” ahead in Cornwall.
However, he warned: “The club will always survive but we’d seriously have to have a look at ourselves, and that may well mean dropping down a few leagues.
“It’s a crossroads but it’s not a crisis. At the end of the day there’s funding in place for next season and indeed the season after.”
