Mark Winter has stepped down from his position after purchasing the club last month with Moroccan partner Otail Touzar.
Over the past few weeks, Mr Winter said he had been working tirelessly to get Mr Touzar to hand over his shares as apparently his partner is yet to put any money into the club. However, despite help from legal advisors; he has been unable to do so.
The club has until 5pm on Friday to pay its football creditors and secure a bond of £50,000 to avoid expulsion from Conference South.
On the same day, a winding up order from HMRC of £29,000 is due, otherwise the club will go under completely.
“I wish I could give you better news, but as it stands, unless there is radical movement, I expect Salisbury to be expelled from the conference on Friday (July 4). The HMRC winding up petition which needs to be paid shortly will then call closure on the club,” said diehard supporter Mr Winter.
“You will all no doubt draw your own conclusions but I felt it was about time you all heard the reality of where we are.”
“Touzar would have the world believe he is working around the clock to save the club. The brutal truth is he has done nothing to help the club. We have tried everything in our power to reason with him, even offering him money to give the club back.”
Mr Winter, Salisbury City under 11s coach, and his fiancée Michaela Menzel have been involved in the club for the past six years.
He added it’s heartbreaking to walk away from the club he loves but was left with little alternative.
“The club, over the past six years, has become a massive part of my families’ lives. We have had some wonderful times and made lots of very good friends. Those memories, and those friends are something no one can take away from us. I, Michaela and all those that have supported our efforts over the last weeks are heartbroken to be taking the decision to walk away, but there really is no other option.”