The future of the franchise, which participated in its first campaign this season, has been up in the air since former owner Don Matheson said he could no longer bankroll the club after it lost around $2.5 million in its first year.

A community-based model which has seen dozens of local businesses invest in the club has given FFA the confidence to provide additional support so that the club will continue to exist.

But doubts still remain over the future of coach Ian Ferguson and marquee Robbie Fowler, while existing player contracts are all coming under individual scrutiny despite previous FFA assurances.

Although Fury will keep the same name, the FFA are taking the opportunity to create a whole new business...which will allow them to start all over again with fresh playing and coaching staff if they wish.

"All positions will be discussed," admitted an FFA spokesman. "It will be a new entity with the same name."

Every job at the club will now be open to negotiation as the FFA send in officials to draw up new contracts.

"It is an immediate priority for us to work through the contractual arrangements with the players and we will be doing that in consultation with them individually and with the player's association," said FFA CEO Ben Buckley.

"The future of North Queensland Fury is an important part of our national football competition and it is clear to us that the fans and the community in North Queensland have a strong desire for the club to continue to grow.

"The F-Troop has been fantastic in their support and with so much passion for their young football club we could not let it fail."

Buckley added: "There has been a tremendous amount of commitment and a significant level of financial support generated from people and businesses in the area but there is still more work to be done.

"The job is far from finished and we will continue to talk to potential investors and sponsors to make sure NQF is a viable proposition in the long term.

"Now that it is clear that NQF has a future I urge anyone in the area interested in being part of the club to come forward as it is not too late to become involved in a meaningful way."