There is new hope for Coleraine manager Marty Quinn

The Bannsiders received a last-minute reprieve on Wednesday from being wound up for its failure to settle debts of �364,979 owed to the Inland Revenue.

A rescue plan is in place and the club have been given until 30 August to produce a viable business plan.

The money from the Glens game will help in the battle to save the club.

The IFA said Coleraine will be allowed to play their "immediate" fixtures.

IFA chief executive Howard Wells said he has been assured that the club can "meet its football obligations" and added that he hoped "football will prove to be the winner".

Coleraine had overall debts of around �1m but, while other creditors accepted a voluntary settlement agreement, the Inland Revenue would not and they applied for a winding-up order.

An improved settlement offer was made to the Inland Revenue on Monday but it was rejected.

A new steering committee has been formed and by Tuesday supporters had already pledged around �90,000.

Raymond Kirk, the chairman of the Friends of Coleraine, told the High Court they were getting "overwhelming" support from the business community.

He said a business plan is being drawn up and he is "absolutely convinced" it will work.

IFA president Jim Boyce believes every local football supporter should try to help Coleraine stay in existence.

He suggested putting 3,000 tickets on sale at �50 each as one possible scheme to save the club.