Glenn Tamplin invested in the club in November 2019 (credit: Wikimedia)
Romford FC said they have had several conversations with Glenn Tamplin and “parted as friends” in a statement on the clubs website.
It states Tamplin is living and working abroad meaning he “cannot devote the time required to push the club forward in the manner he wanted to.
“The club is grateful for Glenn’s involvement at a time when the clubs survival was in question.”
Mr Tamplin, who is also the former owner of Billericay Town, invested in the club in late 2019.
The businessman had claimed he would provide the team with a new football stadium as they were playing at home in Brentwood at the time.
But the coronavirus pandemic has interfered with his plans.
The management team of Derek Duncan and Christos Mead have agreed to stay with the club.
Romford FC said they will issue another update once it has further information about the return to football.
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