MORTON chairman Crawford Rae has revealed that the club are in talks with an overseas investor who wants to inject cash into the club.

The Ton chief spoke exclusively to the Tele last night, saying there were “two or three” interested parties holding discussions about investment into the club.

It has emerged in recent days that the club has already taken in outside investment, with Mr Rae attributing the departure of the club's management team at the weekend to the fact that there are now other people involved 'with a view we need to listen to'.

Millionaire Greenock businessmen James and Sandy Easdale - who have previously helped fund signings of the likes of players such as Colin McMenamin and Paul McMullan - have both been heavily linked as potential investors at Cappielow.

But Mr Rae says he will not reveal who the investors are, unless they want to go public.

When directly asked if the Easdale brothers are investors, Rae told the Tele: “I’m not going to answer your question.

“The outside investment at the moment is coming from a couple of different sources.

“We had a situation earlier this year where it got blown out of the water as the name was leaked ahead of the investment being made.

“A lot of people like to do it on the quiet and if they want to do that I will keep their names secret.

“If they want to be known that’s their business to be known.

“I cannot divulge people who are wanting to invest in the club and these parties don’t want to be made known at this moment and that’s all I can say.

“One is from abroad that we’re talking to at the moment, but I’m not going to say anything more.

“Nothing might come of it, but that came out of the blue from an article in the press where I had said we would talk to any investors and we want to give a percentage of our shareholdings away.”

The chairman also said the club would look to appoint a new chief executive within the next few days after Warren Hawke quit the club.

He added: “We’re talking to two or three different people at the moment, and that’s definitely one of the jobs of the new chief executive when he comes in - targeting investment for Greenock Morton Football Club."

Rae insists outside investors in the club will not influence who the new CEO and manager will be.

When pressed by the Tele if outside investors would have a say on those vacant roles, he said: “No, they don’t.

“The new CEO is likely to be announced in the next couple of days. 

"We’ve got a good potential candidate.

“It’s vitally important because of the situation we get someone into the club as soon as possible.

“We have people that can stand in at the moment, they can understudy, but it’s important for getting a team on the park not in July but ASAP.

“It’s an important role next to get the manager in and getting the office side right.”