Accrington Stanley's academy could be saved from closure by a grant from Hyndburn Council.
The League Two club announced last week that it would be forced to close the academy as a cost-cutting measure.
That came amid a row with the council over the loss of revenue from use of club facilities for non-matchday events, after the council revoked its entertainment licence following noise complaints from neighbours.
The council said on Tuesday it would stump up the £140,000 which it said in a statement would "be the figure required to keep the Academy operational for the next 12 months."
The council statement, external also said: "Like many, we are deeply concerned about the impact this decision will have on young people and families from Hyndburn.
"As mentioned in our previous statement, upon hearing this news we immediately contacted Accrington Stanley FC to ascertain more information on the reasoning behind the decision and to offer the council's support to save the academy from closure.
"We have therefore asked that Accrington Stanley FC gives urgent consideration to this offer and respond as soon as possible so that we can work together to avoid irreversible consequences.
"We have also contacted the EFL to express our commitment to the Academy and the club, and to request their support in helping safeguard both."
Accrington Stanley have been contacted by the BBC for comment.
Accrington Stanley winger Shaun Whalley has said he is "made up" to have extended his stay with the club.
The 37-year-old returned for a second spell with the Lancashire side in July 2022 and won the club's players' player of the season award for this campaign.
He signed a new one-year deal, external with the League Two side on Friday.
"I was waiting for them to offer me a contract and fortunately they did. I was delighted to get it completed," he told BBC Radio Lancashire.
"I love it [being a footballer]. It's been my life for a long time now, and even before I was playing because my dad had a good career.
"It means everything to me, so the fact I can keep playing is brilliant."
Stanley finished 21st in the fourth tier this season, eight points clear of the relegation zone.
The League Two club announced last week that it would be forced to close the academy as a cost-cutting measure.
That came amid a row with the council over the loss of revenue from use of club facilities for non-matchday events, after the council revoked its entertainment licence following noise complaints from neighbours.
The council said on Tuesday it would stump up the £140,000 which it said in a statement would "be the figure required to keep the Academy operational for the next 12 months."
The council statement, external also said: "Like many, we are deeply concerned about the impact this decision will have on young people and families from Hyndburn.
"As mentioned in our previous statement, upon hearing this news we immediately contacted Accrington Stanley FC to ascertain more information on the reasoning behind the decision and to offer the council's support to save the academy from closure.
"We have therefore asked that Accrington Stanley FC gives urgent consideration to this offer and respond as soon as possible so that we can work together to avoid irreversible consequences.
"We have also contacted the EFL to express our commitment to the Academy and the club, and to request their support in helping safeguard both."
Accrington Stanley have been contacted by the BBC for comment.
Accrington Stanley winger Shaun Whalley has said he is "made up" to have extended his stay with the club.
The 37-year-old returned for a second spell with the Lancashire side in July 2022 and won the club's players' player of the season award for this campaign.
He signed a new one-year deal, external with the League Two side on Friday.
"I was waiting for them to offer me a contract and fortunately they did. I was delighted to get it completed," he told BBC Radio Lancashire.
"I love it [being a footballer]. It's been my life for a long time now, and even before I was playing because my dad had a good career.
"It means everything to me, so the fact I can keep playing is brilliant."
Stanley finished 21st in the fourth tier this season, eight points clear of the relegation zone.
Why should a man go to work, if he has the health and strength to stay in bed?