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From the BBC, By Tony Leighton:
Birmingham, who provided a quarter of England's Euro 2005 squad, had been due to be taken under the financial wing of the city's Premiership club.
But a month after receiving a letter of intent, the deal looks to be off.
Despite the involvement of Trevor Brooking they could be forced to pull out of the league on Friday.
FA Director of Football Development Brooking got in touch with Birmingham in an attempt to try to save the women's club.
Birmingham Ladies club chairman Steve Shipway said: 'Trevor rang Karren Brady (Birmingham's managing director) and asked if the club would have a change of heart.
'Karren told him they had already looked into every avenue they felt they could do and that they didn't feel investing in women's football was commercially viable.
'She told him she would speak to David Gold (Birmingham chairman) about the situation, but I don't think there's any chance whatsoever they'll change their mind.
'So we've got to hope that someone in the commercial world will see our plight and come in to help us.
'But it's a slender hope - and if it doesn't come off then it looks like we'll have to withdraw from the league on Friday.'
Birmingham Ladies need to find a sponsor with a £75,000-per-year package within 72 hours if the club is to survive.
If the club goes under, the top flight would have only nine teams for the 2005-06 season.
And with clubs such as Manchester United, Sunderland and Cardiff City having turned their back on women's football in the last few months, the club scene could be thrown into a state of disarray.
'It's a dangerous situation,' said Shipway.
'But although clubs like Manchester United and Birmingham aren't interested in the women's game because they feel they can't make money out of it, others are.
'Clubs like Arsenal, Charlton and Everton are putting money in for the good of the women's game - and it needs that assistance to help it become self-financing.'