Leyton Orient Fan Trust admits tarting a ‘phoenix club’ like AFC Wimbledon has been considered as a last resort.
Owner Francesco Becchetti is preparing to sell the club after two-and-half years of uncertainty.
The O’s still sit in the relegation zone despite their shock 3-2 win over title chasers Plymouth Argyle.
The fans trust will present an action plan to members at a meeting on Thursday, March 2 if any crisis scenario is to arrive.
LOFT member Dave Knight, who was in attendance at Home Park, said: “We are now working on the fact Becchetti is willing to accept £4m for the club, which was news to us as before we understood he wanted £9m to cover his debt.
“But it now sounds like he wants to sell it for what he bought it for.
“I am confident in our ability to be able to raise the £4m if that is with a local or with a consortium.
“We have a better chance now than we did previously but it is still a lot of money to find.”
When he bought the E10 club from Barry Hearn back in 2014, they were one spot kick away from promotion into League Two. Since then, there have been 10 managers under Becchetti and they have been dragged into a League Two relegation fight.
While the Fans trust doesn't have any personal problems with the Italian, they think his ownership has not worked out.
“I thank him for what he has tried to do with the club but it wasn’t meant to be,” said Knight.
“We are working on three options, one is we find someone to buy the club. Two is if we go into administration, we work with the administrators. Or three, which is the very last resort, is a phoenix club. It would be like Wimbledon but they are a special story in itself.
"But what the LOFT are trying to ensure the most is that there will still be a Leyton Orient Football Club.”
The LOFT are still looking for volunteers to help out with leafleting on Saturday at Brisbane Road regarding their next meeting.
If you are interested in helping out email email@example.com or meet them at their stand outside Oliver Road.
Their next meeting is being held on Thursday, March 2 at 7pm at the Ex-Services Club on Harvey Road.