Salford City Reds chairman John Wilkinson is confident that the club will attract new investors despite a winding-up order threatening its existence.
Salford City Council recently rejected a £1.5m rescue plan to safeguard the Super League side's future, but Wilkinson remains upbeat about his team's long-term prospects.
"The club just has a short-term cash flow problem," BBC Sport quotes him as saying.
The Reds face a tax bill in the region of £50,000 and have yet to settle debts with former players Vinnie Anderson and Luke Patten.
However, Wilkinson is adamant that Manchester's only Super League team remains an attractive investment, despite its current predicament.
"Salford City Reds remains a great investment opportunity for new blood with an appetite for top-level sport," he said.
"As a board we were fully committed to the deal on the table as everything had led us to believe that it would be concluded positively.
"As a result of yesterday's decision we are forced to reopen investigations into other avenues, and remain confident that with everyone pulling together in the same direction - board members, supporters, players, coaches and staff - that a positive conclusion can still be reached within the required timeframe."
The Reds kick off their Super League campaign with a home clash against Wigan on February 1.
