Lincoln City chairman Steff Wright has criticised the attempts of former directors Ray Trew and Keith Roe to take over the club.
In a statement, Trew insisted a new consortium would keep the Imps as a community-based organisation while also pumping money into the club.
But Wright said he "would seriously question the motives" of the pair.
He added: "I must express my disappointment at the style of these particular approaches."