Eastwood Town owner Steve Lynch says he has no intention of letting the club go out of business and that he is keen to appoint a new manager as soon as possible.
Former manager John Ramshaw left his post last week citing the major financial constraints at Coronation Park as one of the main factors in his decision to leave.
But while Lynch admits the Badgers’ current plight made Ramshaw’s departure understandable, the West Midlands-based businessman denied rumours that he was looking to have the club wound up.
He said: “I don’t want to be the one who folds the club - if I did then I’d have done that months ago.
“I wouldn’t have paid out all the money in advance of the season for things like insurance and league fees and so on, or have cleared a lot of the footballing debts as I have.
“What I am doing now is actively looking for somebody to take the club on, perhaps someone more local who can be more hands on.”
Lynch also says he has had several enquiries with regard to the role of manager and hopes to make an appointment before too long.
“I’ve had contact with people who are interested,” he said.
“There is always someone out there who wants a challenge regardless of the circumstances, so I hope to have brought someone in very soon.
“John Ramshaw leaving was no great shock in the sense that once I was forced to cut the budget he felt his hands were very much tied behind his back and it was very difficult, although the strange thing was that as soon as the cuts happened we started winning games.
“The budgets needed to be reduced. Had we stayed in the cups a bit longer then things would have been very different, but with crowds also too low I had no choice but to cut the cloth accordingly.
“If we can get 200 through the gate then there would be enough money to pay a reasonable squad and carry on. With 150 there isn’t.
“But the absolute worst case scenario would be having to entirely cut the wages, which are the only real expenditure right now, and concentrate on keeping the club going, even if relegation happens as a result.
“I don’t see that it has to get to that point, but we need everyone to pull together and support the club.”