WREXHAM FC owner Alex Hamilton yesterday called on the council to back his plans for the Racecourse ground or the club would fold.
The property developer issued the stark message to council officials at a special meeting yesterday organised to try to ensure the club's survival.
Also at the meeting were the Dragons' chief executive John Reames and Wrexham council's director of development services, Paul Roberts.
Mr Hamilton showed council officers his ambitious plans, which include rotating the position of the pitch so the surrounding areas can be developed.
The other option is to sell the stadium completely for redevelopment.
He said action needed to be taken to ensure the club's survival.
Mr Hamilton gave officials an update of finances at the club which lost £1.8m in the last four years.
Mr Roberts said after the meeting: "The truth is we didn't conclude anything. Alex Hamilton put forward to us in no uncertain terms the club' s financial situation."
Mr Roberts refused to reveal figures but said the Dragons' financial position was "extremely precarious".
The council also brought its own ideas to the meeting but Mr Roberts refused to reveal what they were.
He said: "We had ideas that they hadn't considered."
He said he could not give a guarantee that Wrexham would survive at the Racecourse but added the club would stay for the time being.
Afterwards both sides issued a joint statement saying: "A constructive meeting took place. Both sides have a lot of matters to consider and we will be meeting again towards the end of the month."