Overnight, it was claimed Lowy would be standing down from the FFA as chairman as part of the ongoing row about reforming football's administration in Australia.

But at an explosive press conference in Sydney today where he blasted moves to overhaul the sport's governance, he refused to unequivocally say he would definitely stand down.

"What I've said is that I don't intend to seek re election," he told FourFourTwo. "The future is unclear..."

Lowy said he was making today's announcement to "remove myself from the debate so the stakeholders focus on the core issues at hand."

He outlined three possible scenarios for the FFA EGM that will approve or reject the proposed changes to its structure... and he said only one – where the board accepted the proposals – would be the catalyst for him quitting.

"The second possible outcome is that the working group proposals are endorsed by at least a 75% majority," he said, "Under those circumstances I would not be prepared to serve as Chairman beyond November."

The other two alternatives - where the current uncertain status quo continued and a third where "stakeholders step back and consider fully the long-term implications of any decision" – seemed to leave the door open for him to remain.

He dismissed speculation that he would change his mind and stand if he got the backing of stakeholders as "hypothetical."

He added: "I don't even want to go there because this is not about me, it's not about my dad, it's not about my family.

"What it's about is about leaving the game with a governance structure that is truly independent that will stand the test of time in the future."