Scunthorpe United hope to submit plans for a new £18million stadium on a new site in the town within the next six weeks.
Club chairman Peter Swann told a public consultation at Glanford Park on Wednesday night that he is willing to invest his own money in the project, but did not reveal the exact location of the proposed 12,000-seater facility.
The Iron are currently in talks with a landowner and aim to be in their new stadium by the summer of 2015.
Swann said the club would have "manageable debt" to finance the stadium and added: "Eventually Scunthorpe United will own it.
"We must get the funding in place to pay for this so we can own it outright. We can't pay for it on the back of 3,500 fans.
"It is a slight gamble, but I am willing to put my money in to it to improve our facilities.
"I would rather put in three or four million in the ground for the future of the club rather than invest it here.
"We hope that we will get the land for free and we hope to be able to talk about that in the coming weeks.
"While the council is supporting us, we need to get on with it."
The plans for the ground include a 120-bed hotel, gymnasium, office space and multi-use games facilities.
Scunthorpe, founded in 1899, moved into their current purpose-built 9,088-capacity Glanford Park stadium from the Old Showground in 1988.