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Inverness Caledonian Thistle's joint administrators warn the club remains at risk of being demoted – despite Saturday's crucial win over Arbroath.
BDO was appointed in October to oversee ICT's finances and also find a new owner after the club ran up large debts.
Inverness' 3-0 victory ensured the League 1 club avoided a potential end-of-season relegation battle.
But BDO said shareholders now needed to agree to terms set out by Alan Savage, the preferred bidder to buy the club, to prevent the deal from falling through.
Mr Savage's conditions include that 100% of voting shares transfer to him.
He has also asked that all loan creditors be written off, and that an agreement is reached on ownership of land around the stadium.