Ridsdales comments on Monday efternoon says he'll make an announcement with 48 hours.
It could be as soon as today thought with Radio 5 reporting this morning that there could be a statement today.
"I expect to make a formal statement about the situation here within the next couple of days," said Ridsdale.
"I am not prepared to let the obvious confusion and uncertainty which is surrounding the club continue for any length of time.
"That is only fair on everyone concerned, be that the management or the supporters.
"I do understand that the supporters have a right to know what is going on within their football club. They can rest assured we will be making any decision with the best interests of the club at heart."