Raj Singh has today made the following statement:
"It is with huge regret that we've had to place the club into administration today. I for one certainly didn't envisage this when I took over the club back in August 2009.
"Over the last two months we've been trying to make necessary cutbacks to be able to ensure the future of the club, including negotiating reduced players' wages and a settlement with Mark Cooper.
"During this time we haven't been able to do that, while we also haven't received a viable offer to take the club over and its ongoing running costs.
"I made my position very clear in November and I'd like to stress that we've tried everything we can to resolve the various issues. It was never my intention for it to end like this.
"I was approached by one consortium this week, represented by two local businessmen, whom I admire for their intentions.
"In theory their approach is a very sensible one, but they made their short-term position very clear and it doesn't solve the current issues we face.
"But they now have an opportunity to discuss their proposals with the administrators and I wish them every success in taking the club forward.
"I'd again like to thank the fans who have sent me words of support and encouragement. I'd like to think the majority of our supporters are level-headed and understand my position, and know how hard I've worked to try to bring success to the club.
"To those who think I've let them down somehow or have been cheated by me, I hope one day they will see it from my point of view, and try to remember that wonderful day we had at Wembley last May, because some of the unfair flack and criticism I've had over the last four weeks just made me more determined to call it a day sooner rather than later.
"I know I can leave the club knowing that I tried everything I possibly could to make Darlington FC work. But it also hinged on other parties playing their part and keeping their promises. Regrettably, that hasn't happened, and as our fans know that has all been well-documented.
"I also know that I've been as open and as transparent as I possibly could have been with the fans, from the day I walked through the door.
"I've been true to my word with the non-playing staff as well, who have all been fully paid up to the end of December.
"I'm truly sorry that it hasn't worked out and I genuinely hope it can be salvaged in some way."