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Halifax Town will fold within days if the consortium planning to take over the club do not move forward quickly.
Former chairman Geoff Ralph, the only remaining director, had persuaded the club's largest creditor, the Inland Revenue, to defer demands for repayment until the takeover is completed but the deal has now dragged on since March and Ralph anticipates that they will start liquidation proceedings at the start of September.
Speaking to the Halifax Courier, Ralph said: "This fact is known to the consortium and I can say, without fear of contradiction, that I have done everything I can to make the deal happen, including significant personal financial losses.
"I have received considerable support from Chris Yewdall, the club's accountant, who has devoted time and energy communicating with the consortium. He risked his reputation by agreeing to stand up before a meeting of fans in March to convey assurances on behalf of the consortium. I feel he has been let down badly."
A trio of Bradford-based businessmen were identified last week as the mystery consortium after months of speculation. The club missed out on promotion to the Football League when the Bulls went up just 15 months ago.
