WREXHAM fans were asked yesterday to remortgage their homes to fund a £7.5m deal that would bail out the troubled football club.
Controversial owner Alex Hamilton last night denied he was behind the unusual scheme, but said he backed it.
The online deal also offered season tickets as an incentive.
After weeks of negotiations a deal still hasn't been struck to buy Wrexham from the Cheshire-based property developer.
The offer was published in the Dragons' online fanzine Red Passion, and attributed to Richard Kendal, director of Browns Finance Ltd.
In his message, Mr Kendal warns that on the present course there will be no Wrexham FC in 2006, and no Racecourse ground by 2008.
And he offered to help set up the mortgage deals, spending a month at the Mold Road site to sort out the paperwork.
His message said: "Hamilton has put hundreds of thousands into the club, none of this is appreciated.
"You probably need £5m to buy out Hamilton. You need a further £2.5m to put the club on a financial footing.
"The reality is that even if you raised that, you would still be losing money at a rate of knots.
"If you've got 1,000 supporters at £7,500 a piece, you should do it. They will need to take further advances on their mortgages in some circumstances."
Mr Hamilton said: "I know of the company. Mr Kendal is known to me. "But I am not the person behind this. This is nothing to do with me. I could not have come up with anything as creative as this. It seems to be a damn good idea."
Simon Johnson, secretary of Wrexham Supporters Trust that has put in a bid to buy the club, said: "The figures sound far too expensive on both counts. We have made Mr Hamilton an offer, which is on the table. If he wants out, he only has to pick up the telephone.
"Compared to what he has put in, if he makes any profit out if this he will be a lucky man. He has not exactly added value to the Racecourse."
The internet article listed Browns Finance as being in the same Manchester building as Mr Hamilton's companies Memorvale, which owns 78% of the Dragons, and Crucialmove, which owns the Racecourse lease.
Nobody was available at the London office number quoted on the Browns Finance Ltd website.