LATICS’ Board of Directors say they are “devastated” following the club’s relegation from League Two.

The club has also confirmed that Abdallah Lemsagam remains "committed to selling the club", while the board are still behind John Sheridan and are hoping to agree a new contract with the Latics boss in the coming days.

An official statement read: “The Oldham Athletic Board of Directors is devastated at the club's relegation. The issues that have led to this point go back years but the buck stops with the Board and relegation represents a total failure.

“The plan for next season starts now. The objective is clear, promotion and a return to the EFL. Our budget will be unchanged due to EFL parachute payments and we want to start preparations now.

“Key to that is keeping the manager. John Sheridan did the best he could in a short amount of time. With backing and preparation, we think he will get this club promoted back to the EFL, which is where it belongs. In the following days, we will meet with John to agree on a new contract with him.

“The club's owner remains committed to selling the club. There is a clear process in place for interested parties. Each bidder has been asked to sign an NDA and provide proof of funds. Conversations with those qualified bidders are ongoing and will continue.

“Whilst appreciating the huge upset and disappointment to fans we urge everyone to continue to support the club in these difficult times.

“The board and staff are committed to working hard to restore our rightful position in League Football.”