Can Penrose be 'key' to Preston investment hunt?

Can Ian Penrose's appointment as Preston North End's new non-executive chairman lead to a new era for the Lilywhites?

Lifelong North End fan and businessman Penrose took the role after owner Craig Hemmings stepped down as club chairman on Tuesday.

The change comes as the club look for new ownership or potential investors to help them remain competitive in the Championship, and BBC Radio Lancashire's Andy Bayes has been looking into why Penrose's appointment may help the cause.

"So my thinking into all this is that it's always been that if the Hemmings family can find a buyer, that would be their preference. If, in the meantime, they can find investment from elsewhere, that would be welcomed," Bayes said.

"I just wonder whether the appointment of Ian Penrose is going to be really key to this because of all his business acumen, because of his experience all over the world in different genres.

"He's going to know a heck of a lot of people and maybe already has somebody lined up to take Preston North End onto the next step."

Listen to the full analysis and more Preston North End content on BBC Sounds.