Plymouth Argyle's deputy chairman Paul Stapleton has said he is unlikely to remain on the board when any prospective buyer takes over the club.Argyle were docked 10 points on Monday after issuing a 'notice of intention' to appoint an administrator.
Stapleton told BBC Radio Devon: "I think that my staying on (the board) may be difficult.
"I'm working 24 hours a day (to find a solution) but at the end I may not be there and I may not get money back."
The League One crisis club's debts are reported to be in the region of ?10 million, and the players are still
awaiting their January pay packets.
Peter Ridsdale, the club's football consultant, has been meeting potential investors this week in an attempt to find a solution to the crisis.
Stapleton first joined Plymouth's board of directors in 1998, and was chairman of the club from 2001-2009.
He continued: "My heart is in Plymouth Argyle and everybody knows that.
"I dragged us up from the bottom leagues and I'll do whatever's necessary to make sure that Plymouth Argyle keeps going and flourishes because that's what we all want to see.
"I haven't just walked away from it I'm looking at it on the basis to make sure that Plymouth Argyle are still there and to make sure that we can once again get back up to at least Championship and beyond."
The Pilgrims, who are now bottom of League One after receiving the 10-point deduction, host Colchester at Home Park on Saturday.
Source: BBC Sport
Source: BBC Sport