Mining billionaire Palmer is going on a media offensive today after he was quoted saying he didn't like football, thought it was a hopeless game, the A-League was a joke and he preferred rugby league.

Today he took to Twitter to lambast the FFA for its overpaid executives and for favouring Fox Sports in bidding for the TV rights at the expense of free to air networks.

He insisted his quotes over the weekend were out of context and intended to set the record straight when he appears on The World Game along with FFA CEO Ben Buckley on SBS tonight.

But in The Australian this afternoon he finally confirmed the club's future was still in doubt..

“I don’t know if we will be in the competition next season but we are doing everything we can to continue the club and get the game on the right footing," he said.

“Whether I remain as a licence holder really depends on the FFA and also other owners demanding that something is done to help this game.

“I feel Gold Coast United as a club has been ostracised by FFA because we have tried to raise serious issues confidentially over the past couple of years.

“Perhaps FFA is not interested because our suggestions might involve some of the people at the top taking salary cuts to benefit the game as a whole."

Palmer continued his personal attack on FFA CEO Ben Buckley and dared him to take him to court over the way Gold Coast has been run.

“I don’t believe Ben Buckley has the balls to take us to court," said Palmer. "He is probably too worried about protecting his own salary.

“He knows that any court of law he will seen as an AFL man because of his past connections with that organisation whose loyalty is not to soccer. Why don’t we get somebody with a football back ground to be chief executive?"

He added: “The owners suffer as do players who don’t get their just rewards while fans don’t get a properly run league for the future.

“What concerns me is the morality of the situation.

“When you have the top five staff members at FFA receiving salaries which total nearly $5m that cannot be right when you have owners losing up to $2m each season.

“The federal government has put in $8m in recently to help FFA balance its books ... and they should look at how it is spent. There are issues of corporate goverence that need to be looked at.

“Australia has been ranked second last in Asia for corporate governance and transparency. Only Indonesia was ranked below us and that should be a concern to every player and fan of the game.

“The thing stinks from the top and needs to be sorted out. The game should be controlled by the community … not one or two individuals.”