ACCRINGTON Stanley chiefs met with the Accrington Stanley Supporters Fund on Wednesday night and "positive steps" have been taken between the two bodies.
The ASSF was set up following the revelation of Stanley’s £300,000 outstanding tax bill to make sure there was always money available to the club, with the main backer multi-millionaire Ilyas Khan putting in an initial £250,000.
The Fund put a proposal to the club last week expressing their willingness to invest in the Reds but they want a stake in return.
"This was a positive meeting and there was a lot of good will with both sides wanting to work together for the good of the club," said chief executive Rob Heys.
"The Fighting Fund has agreed to give the club an unconditional sum as an interest free loan as a gesture of goodwill initially.
"They will also be working closely with our commercial manager Dan Warburton to help him to promote the club and raise funds.
"There will be further discussions as things like the share issues were not on the agenda on Wednesday.
"Ilyas couldn’t come but he sent representatives and now we want to take the club forward as one united group."
* Life-long Stanley fan Professor John Glasson has given the club a five-figure interest free loan. Although John now lives in Oxford, he still has an Stanley season ticket and was at the last ever match at Peel Park.
John said: "I was not in a position to help in 1962, but I am pleased to offer some support in 2009. I hope many others will also offer financial support to David O’Neill and his management team at this crucial time for the club."