Chairman Colin Youngjohns believes the behind-the-scenes fight for control of Kidderminster Harriers-will only cloud the vital planning for the club to bounce back from relegation.
Youngjohns confirmed members of the current board, plus other potential local investors and former chairman Dave Reynolds, have offered £450,000 to buy the shares of major shareholder Lionel Newton.
But Newton is also speaking to a third party, who are understood to have been involved in Farnborough Town earlier in the season.
The group has been fronted by Mick Jenkins, who was one of the Farnborough coaches alongside agent Neil Sillett and former Aston Villa striker Garry Thompson at the freefalling Hampshire club, while any takeover would instantly raise doubts over the future of Aggborough management duo Stuart Watkiss and Gary Barnett.
Youngjohns questioned the motives why a group from the South-east would want to be interested in Harriers.
"At the moment there is a cloud over the future and it's clearly a issue that needs to be sorted quickly," said Youngjohns.
"The club needs to be focused on the future, rather than being involved in internecine wars in the boardroom. It's bad news."