Majority shareholder Lionel Newton has put back the deadline for bids for his shares in the fight for control of Kidderminster Harriers.
But the former chairman says he will not sell to the current board if former boardroom rival Dave Reynolds remains their main financier.
Newton had initially set a deadline of today for offers for his shares but he says there have been no written bids.
Instead, a Hampshire consortium led by former Farnborough Town chairman Ron Higgins has been given another two weeks to make a formal offer and to allow them to look at Harriers' financial affairs.
Harriers chairman Colin Youngjohns had questioned the group's motives but Newton described them as "the Abramoviches of the Conference" and said they were "football people" who were prepared to invest serious money.
The current board has made a verbal offer, though less than the £400,000 Newton wants, but his past differences with Reynolds seem to have led to a stalemate.
Newton said: "Their offer was up to a maximum of £250,000 and their main backer was Dave Reynolds. As long as he is involved there's no way I'll sell to them."