Former Rovers chairman Trevor Milton has urged the club’s major shareholders to sell to prospective buyers Sequentia Capital.
The group have this week outlined their plans for the club should they get the green light for a takeover.
And Rovers life president Milton believes Sequentia’s offer is the only way forward for the club.
“Kevin Phelan (Sequentia representative) has revealed the plans for the club and I want to lend my full support to them,” Milton said.
“Supporters know me as an honest man who would always be open with them and I hope they trust what I have to say on this issue.
“Unfortunately, under current control, I feel Rovers are heading in one direction.
“I am not questioning the money the current shareholders have put in but they have made it clear they will not be putting in more.
“If they aren’t willing to put more in, why not step aside and allow people to come in that are?
“This new group have a passion for the game and are excited about the project, of developing Rovers into an established Championship club that can push forward.
“They have the money to do that, I have seen the figures. For me, this is a great opportunity that shouldn’t be missed.”
Chairman John Ryan has previously gone on record to declare his support for the takeover proposal.
Fellow co-owner Dick Watson said last month the major shareholders would do what is best for the club and suggested maintaining the status quo is a strong option.