Truro City chairman Peter Masters says they are talking to potential foreign investors

Truro City FC chairman Peter Masters
Peter Masters hopes the club can use potential funding to appoint a chief executive

Truro City chairman Peter Masters says foreign investors are among four parties interested in putting money into the National League South club.

Masters put out a plea last week for at least £500,000 extra funding to help them gain promotion next season.

"We've actually had people from the States showing an interest, which is very encouraging," said Masters.

"Everyone's signed a confidentiality agreement but interesting parties have come in - not all from this country."

The Cornish side, managed by Steve Tully, finished fourth in National League South this season, losing to Maidstone in the play-offs.

Masters, who co-owns Truro with Philip Perryman, says they were putting in £25,000 every month this season to support the club, and have invested £1m between them overall.

"We're talking to four parties at the moment and more are coming in on a daily basis," Masters told BBC Sport.

"Chartered surveyors are actually sorting the relevant people out to see if they're serious or, to be frank, just being nosy."

The club was taken over in 2012, when it was on the verge of liquidation, and plan to move to a new stadium on the outskirts of the city next year.

"The sort of budget that you need in the National League is around £500,000 to £750,000 to be competitive and some teams in that league are spending over a £1 million, so it's a big ask.

"All in all I would say the club has probably never been in a better position, and we've already exceeded everyone's expectations."

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