Yes it does sound familiar, I believe our friends at Enfield Town FC went down that path and they have done really well - good luck to them.
Personally, I don't believe we could do the same, there are so few of us left after all! I think the bottom line here is whether Mr Lazarou wishes to continue to fund the Club.
Although it would appear that the FA have decided that he cannot be an officer of the club in the future and he could, I suppose, even choose to resign as a director of the company (EFC Holdings Limited) that runs the club, any company is ultimately accountable to its shareholders and that would still be Mr Lazarou.
I know nothing about football, but I would imagine the playing budget is probably in the region of £60,000 per annum which, together with other staff costs, is probably costing Mr Lazarou through one of his companies or another about £3,000 a week.
IF (and it’s a VERY BIG IF), if Mr Lazarou has had enough of spending his money in this way, then perhaps the next step is for a group of supporters to get together and agree a deal to assume control of the club and then start the lengthy process of negotiating a transfer of membership with the league and FA.
The alternative is for the club to cease when the bills are no longer being paid if he doesn’t wish to let go.
The decision on the future of the club will always lie with Mr Lazarou until he decides he no longer wishes to own the club or until EFC Holdings Limited ceases to trade.