Adelaide 36ers coach Marty Clarke has been thrown a lifeline by the club's board with his job secure until the end of the NBL season.
Chairman Daryl Simmons said on Tuesday the 36ers board had met to discuss a number of issues including the team's performance which had been "less than satisfactory".
But he said given the ownership discussions which were also underway, it was agreed by the board to "throw their full support" behind Clarke for the remainder of the season.
"The board has met with Clarke and made it clear that the club, its members and partners expect a strong performance by everyone for the remainder of the season," Simmons said.
The 36ers are in sixth spot on the NBL ladder and lost eight games in a row before beating the Sydney Kings by 18 points on Sunday.
The losing streak put pressure on Clarke given the talented line-up he has had at his disposal.
Simmons said discussions were ongoing with former coach Ken Cole in relation to his interest in buying a majority share in the club.
Due diligence is underway by the 36ers, Basketball Australia and Cole.
"Our priority is to see the club with strong financial support, which will provide sustainability long into the future," Simmons said.
"Cole's proposal certainly indicates that, once our due diligence is completed we will hopefully have a positive outcome."
But Simmons said the board would continue to investigate alternative ownership models including the preferred member model which had proved successful at other NBL outfits.
The 36ers have also delayed advertising for a new chief executive following the impending departure of Leeanne Grantham.
Grantham will take leave from February 13 but will be available to assist with ownership discussions if necessary.