Canvey owner Jeff King has told fans that he will not hand over the club and leases to a Supporters Trust.
At a make-or-break meeting last night, King informed supporters that he would only hand over the club and the 15 year lease on the ground to a company to be formed by the current head of the supporters club and two other backroom staff members. The meeting was also told that the weekly rent on the ground could be up to £1,000.
The meeting was also told that every player was now available on a free transfer, including record goalscorer Lee Boylan, leaving the club without any saleable assets.
With little prospect of operating a Conference season on current gates, Canvey are expected to submit their resignation to the league within the next week. Supporters Liaison officer Glenn Eckitt told BBC Radio Essex: "The majority of next season's team will be made up of our title-winning reserve side. It would be unfair to go into a league where we can't compete. Dreams of staying in the Conference have to be forgotten about."
Canvey's resignation will save Tamworth from the drop, leaving Scarboro sweating on the FA's decision over Altrincham's 18 point deduction.