David Martindale says Livingston are trying to boost investment in the club as US-based parties show an interest.
He has revealed that some shareholders are blocking new investment, with a hope legal proceedings conclude "as soon as possible". He explained ahead of this weekend's trip to Ross County: "The club is trying to bring new shares into circulation so we can sell them in the open market or to new investors. Current shareholders or purported shareholders are trying to block that and block any new investment coming into the club.
"We're £200,000 alone on VAR and the Scottish government repayment that got us through Covid. Our overheads just in energy alone have trebled. If we go and finish 12th in the Premiership, the club's in trouble next year - just the same as every other club. We go and finish 11th, we could be in a bit of trouble.