Dunfermline Athletic could be moving closer to having new investors as discussions continue over a sale of shares in the club.

Press Sport understands that an interested party has emerged as a front-runner to purchase DAFC Fussball GmbH's stake.

In August, the Hamburg-based group made a shock announcement detailing their intention to sell, four years after they first became involved at KDM Group East End Park.

They said that they had made the decision with "sadness and regret", and that "many seem to prefer an investor who has deep pockets to throw at the first team and try for the best over and over again each season".

DAFC Fussball GmbH continued by noting that "we are not this kind of investor and therefore have detected an increasing disappointment in our approach", and that "therefore, we are not the right kind of investor in the eyes of many at the club".

Dunfermline Press:

They also said that discussions would be taking place with "some of the many parties who have approached us already over the past years and, of course, in coordination with PUCIC (Pars United Community Interest Company" who are, as of now, still the majority owners", adding that they had "every reason to believe that there will be no shortage of interest in the club".

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An "experienced football investment broker" was subsequently appointed to help find a buyer and, last month, the club said that several groups had signed non-disclosure agreements to allow them to "carry out in-depth analysis" of the opportunity.

They added that the "level of interest and calibre of potential investor is encouraging", and it is now believed that a party keen on taking on DAFC Fussball GmbH's shares is in advanced talks with the club.