You keep assuming that shares would be purchased at 'face value' as part of acquiring a controlling interest. It is much more likely that there will be an offer price at much less than this value on the basis that the shares in effect become worthless if administration/liquidation is the alternative. Any deal would presumably look to right down or restructure debt also.
Still needs a thump of cash.
Setting aside the initial capital/securities requirement, the essential element of any future path is having a strategy for management of the club to avoid reoccurence of the same issues at some point down the road. This needs a bit of vision but also much greater governance than seems to have been taking place over the past years .