McLardy has come under increasing pressure following Melbourne's woeful start to the season. He has been criticised for his decision to extend CEO Cameron Schwab's contract during 2012 and then part company with him just six months later and his role in the appointment of coach Mark Neeld.
Former Hawthorn president Jeff Kennett has said he would be willing to lead the club if the current board was dismissed while recently appointed board member Geoff Freeman is reported to have met AFL CEO Andrew Demetriou last week.
AFL.com.au revealed on Thursday that former Victorian treasurer Alan Stockdale is another potential contender for the struggling club's presidency.
Club CEO Peter Jackson emerged from a 90-minute discussion with the AFL Commission earlier on Friday and remained tightlipped about McLardy's future.
"Well that is a matter for Don personally and I think you'll find he'll make a statement later today. It's not for me to pre-empt that," Jackson said.
Jackson would not confirm whether Neeld would remain as coach until the end of the season referring to the statement the club released after last Monday's board meeting which stated that all football department positions were being reviewed.
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Jackson said he was pleased with the hearing the club received from the Commission.
He said Melbourne asked for a package of items that involved developing the club's list as well as restructuring other aspects of the club.
"It was positive. They understand the impact we are having on the whole competition at the moment so it was a good feeling but it's up to them. It's their decision, not mine," Jackson said.
Jackson was hopeful of receiving a response from the AFL within a fortnight.
Jackson, who agreed last Monday to remain at the club until 2014, has indicated since taking the job that the Demons are headed for close to a $2 million loss in 2013.
As well as an operating loss incurred after winning just one of its first 11 games, the club also incurred a fine of $500,000 as a result of the AFL's tanking investigation and made a substantial payout to Schwab.
Neeld has 18 months remaining on his three-year contract and the club faces another payout if he is sacked.
Members of the football department, including Neeld, made a presentation to the board last week and it is understood they were told to continue down the path of playing young players.
However a statement from McLardy did not provide the coach with any certainty as to his tenure:
"Our on-field performances have not met expectations this year and everyone in the football department continues to face ongoing assessment in their roles, as do those employed in other areas of the club. The club will make no further comment at this time in relation to the senior coach position."
More to come
