The Hendon Football Club Supporters Trust, which has owned the football club for the past two years, has unanimously approved a request made by the Trust and Club boards to explore alternative ownership structures for the club.
At a Special General Meeting meeting held at Wembley FC on 17th May, Football Club Chairman Simon Lawrence painted a realistic but bleak picture of the future for Hendon Football Club unless the situation improved.
He said, "We have an ageing fan base and average attendances have dropped. In the short term the opportunities for the Trust to generate income have diminished and are likely to continue to diminish. I firmly believe that the Club cannot exist as a fans-owned club in the long term.
"We haven't got what it takes to be such a club and, quite simply, we cannot sustain it. I believe we need to change the Club's ownership structure in order to secure its long-term future. Without it, the club will die."
Mr Lawrence went on to say that "If we don’t look for an investor or buyer, we certainly won't find one knocking on our door. It won't be easy but we have to try."
Fellow football club director, Dave Bedford, said, "We should all be proud of what we have done to keep the Club alive and that is down to us, the fans.
"One important thing to know is that we are completely debt-free, and that puts us in a better position than many clubs at our level and higher."
The meeting was then thrown open to the floor for questions.
Before the vote was taken, Mr Lawrence made it clear that no decision would be taken without it being put to another Special General Meeting of Hendon FC Supporters Trust members.
The vote was carried unanimously.