Salisbury City Football Club is facing expulsion from the Football Conference - unless it can meet a deadline of 5pm today to cover the players' wage bill.
The Salisbury Journal has reported the club needs to find £29,000 ahead of the deadline this afternoon.
The Football Conference board had previously released a statement saying failure to meet certain financial conditions would lead to the club's expulsion from the league.
The Journal has quoted owner Mark Winter, who holds two per cent of the shares in the club, as saying he was "embarrassed" and "ashamed" regarding the situation around the its future.
He told a supporter's meeting yesterday he had taken money from his mortgage to try to help the club.
In a statement on the club's website, he appealed for fans to continue their support.
ITV Meridian understands from the Football Conference this afternoon that the 5pm deadline had not changed and if the club did not find the money needed to pays its football creditors, it will face expulsion from the league.