A DECISION on the future of the Sun Centre and the Nova could be made this week.
Bosses at Clwyd Leisure will take legal advice during a board meeting later this week after Denbighshire Council revealed it will cut funding to the not for profit arm's length company as of April.
The two parties are in a funding dispute over the two attractions and the North Wales Bowls Centre, all run by Clwyd Leisure.
As it stands the Sun Centre may not open again while the Nova and Bowls Centre may close as of March 31, with the loss of up to 70 permanent jobs and 55 seasonal posts.
Bosses at Clwyd Leisure said they want to see the facilities remain open for the good of the community and had asked the council to take back control of the attractions, a plan which was rejected at a council meeting on Tuesday.
A Clwyd Leisure spokesman said: "Clwyd Leisure directors read with sadness the letter from the Corporate Director and the press release made by Denbighshire, following the Cabinet meeting of January 14.
"We believe the issues raised as major concerns regarding taking over the company have been exaggerated to achieve the desired outcomes of the officers writing the Cabinet report.
"It is our belief that there is a protected funding agreement between Clwyd Leisure Limited and Denbighshire County Council, and this has been referred to our legal advisers.
"As a company we will be clarifying our legal position with regards to future trading at our next board meeting planned for 16 January 2014.
"What was disappointing from the DCC press release yesterday that there was no acknowledgement of the huge community response to maintain the operation of these facilities."
Clwyd Leisure said the reduction in funding from £391,000 a year in 2001 to £195,000 in the 2014/15 financial year has meant they have lost out on £1.2milliion of funding which would have been reinvested in the facilities.
The company is run by nine volunteer board members, but bosses say a slot for two Denbighshire councillors to sit on the board have not been filled since May 2012.
The spokesman added: "To keep the facilities open Denbighshire would have to work with us to make sure the funding would be adequate to see us through until a new building is delivered."
They say the level of funding would depend on what service Denbighshire would be happy with and said reduced funding would mean a reduced provision.
Denbighshire Council said the company had reserves it could call upon to carry on operating, but Clwyd Leisure said the reserves would be used to pay staff if the company was forced close down.