Truro City FC: Winners of the 2007 FA Vase
Truro City Football Club has announced it will not become a professional club next season.
It was expected the Cornish club would become full time but chairman Kevin Heaney revealed it would stay semi-professional.
Mr Heaney said Carrick District Council's decision last year to reject the club's plans for a new stadium had been a "major blow".
Despite searching, the club had not found a suitable location, he added.
In a statement on the club's website, Mr Heaney said the club would continue to search for something befitting its requirements.
He said the lack of facilities had been a major thorn in the club's side, but assured supporters that, with hard work and support, Truro City would be successful.
Thousands of people welcomed the club back to the city last May after the players triumphed over AFC Totten at Wembley to win the FA Vase.
As part of its move to become professional, the club, currently in the Western League Premier Division, had hoped to get permission for a £6m complex at Pencoose Farm to be a "central sporting hub for the community".
The plans included a floodlit, all-weather football pitch and a stadium capacity of about 16,000, vastly eclipsing its current 3,000-capacity at Treyew Road.
The plans also included two other full-size pitches, two junior pitches, four indoor five-a-side pitches and a clubhouse.
A gym, conference rooms and bar and restaurant would have been available for the local community.
However, opponents to the development maintained that the stadium plans "were not suited to a residential location".