Coleraine were saved from bankruptcy last year

John Mairs, a spokesman for the committee assisting the administrator running club affairs, said the move was a strong possibility.

Mairs claimed the administrator was no longer concerned about the club's financial plight.

He added that moves would be made to reach a settlement with the Inland Revenue over arrears of �365,000.

Coleraine were facing extinction last year through a winding-up order after the Inland Revenue went to the High Court.

But Mr Justice Weir granted an application to put the Showgrounds club into administration.

The accountancy firm of Moore Stephens has been running the club's affairs and a steering committee has been raising the money to meet expenses.

"Projections indicate we will finish the season with a small financial surplus," said Mairs.

"We have received tremendous support from the public and the business community around Coleraine for the business plan we initiated to run the club successfully.

"We had two main challenges to meet. The first was to prove to the Inland Revenue that we could run Coleraine FC at a profit.

"Thankfully, through prudent housekeeping and the input of supporters and business people, we will be able to meet the running costs this season.

"We now have to tackle the issue of outstanding debts and with the proposed Creditors Voluntary Agreement we hope to do that as well as opening talks with the Inland Revenue."