Hednesford Town owner Steve Price has agreed to accept assistance from a local consortium to take the Keys Park outfit forward.
The un-named consortium will work with the long-standing chairman in the running of the Pitmen for the next 12 months, aiming to create a sustainable future for the Northern Premier League side.
The group is made up of club officials, local businessmen and will also have supporter representation.
Price said: “After meeting with this group earlier in the week I was convinced that this was the best option in order to take the football club forward.
“The group are determined to make this a success and I’d like to ask all Hednesford Town supporters to give them their full backing.”
Hednesford held talks with OWNAFC last week, an online app designed to control a football by a group of people each paying £49.
OWNAFC promises subscribers will make decisions on new signings, hire and fire staff, negotiate contracts, set admission prices, full financial control, select the squad, plan training sessions and make history.
Founder Stuart Harvey attended Hednesford matches and met officials, but the two parties agreed against the takeover.
OWNAFC say they are in talks with two more clubs.