WREXHAM council leader Neil Rogers yesterday ruled out any cash lifeline for the town's football club.
Senior council officers met club chairman Alexander Hamilton on Tuesday for talks over the Racecourse Ground's future.
The club, which is believed to be up to £5m in debt, presented two survival options - to either sell the stadium for redevelopment or rotate the pitch and redevelop part of the site.
The council chief said any proposed development would have to pass normal planning scrutiny by the authority.
Mr Rogers said: "I want to make it crystal clear that Wrexham Council is in no position to bail out Wrexham Football Club, which is a private concern, although we recognise the difficult financial situation the club finds itself in."
The council was willing to work with Mr Hamilton to explore opportunities for some sort of development that would allow football to continue at the Racecourse, he said.
That would be "the best possible outcome" for all those concerned with the future of the club.
"However, we will not make promises that we cannot keep or which do not have the overall interests of our council taxpayers at heart," Mr Rogers said.
The council had worked closely with the club in recent years to ensure the Racecourse Ground was a premier landmark that complemented the Mold Road gateway into Wrexham.
In 1998, the council secured £1m lottery funding to enable the construction of the new Pryce Griffiths stand.
That boosted the club's ability to attract international football and rugby matches and strengthened Wrexham's ability to attract high calibre sporting events.
"Any proposed development will have to stand the normal test of planning control and the council must act entirely without prejudice to its position as the local planning authority," Mr Rogers said.
"No decisions or promises have been made to Mr Hamilton and I would expect a full and comprehensive report to come back to the executive board in due course highlighting any proposals that officers may put forward for consideration by members.
"My message to fans of Wrexham FC is that we will endeavour to find a compromise that will enable football to continue at its traditional Mold Road site for years to come."
Council officials are due to meet Mr Hamilton again at the end of the month.