New Wakefield chairman Michael Carter says the financially-troubled club will have to sell more players if they are unable to secure any fresh investment.
Carter took over from Andrew Glover a fortnight ago and was forced to sell influential scrum-half Tim Smith to Salford at the weekend in order to pay the players' wage bill for August.
And Carter told a news conference at the Rapid Solicitors Stadium on Monday that the club still has a budget shortfall of £400,000, although he also said the club is not close to going back into administration.
Carter, who is now running the Wildcats with fellow director Chris Brereton, said: "This club will carry on.
"I've put a lot of money in and Chris has put some money in but we are not rich people, we are fans.
"We've got a budget in place for next season which we think we can live with. If we can get to the starting point, I think we can get through this as a competitive Super League team but we have issues to deal with.
"This club has spent more than it has earned so we're in a hole. It's not rocket science, we have got to cut our cloth accordingly.
"If we got £400,000, we would be good to go. If we don't get that, then we will have to sell players.
"Tim Smith went because I needed to pay wages. At the same time, I got a decent offer for (club captain) Danny Kirmond but I didn't have to sell.
"But, if we don't get investment in the next couple of months, players will have to be sold.
"But anybody who tries it on will get short shrift. We know the value of a player and nobody is getting a cheap deal out of Wakefield.
"I hope the sale of Tim Smith is the end of it but I can't promise it.
"We will still have a club next season. We are trying to put the club on a sound financial footing without a benefactor.
"We will always strive to be a part of Super League but, if we go down, we would want to come straight back up."