The once proud Dube Birds were relegated for the third straight time on the weekend to South Africa's fourth tier.
"What Panyaza [Lesufi] was saying at the media briefing on Monday is that the club's value is now at R250 000," Xulu tells KickOff.com.
"I can assure everyone that the club will continue to be in existence as we are looking forward to celebrating its 71 years next year. This club will be turning 71 years old next year."
He adds: "I'd be very careless if I can go all out and say the club is planning this and that at this stage. The only thing I can confirm is the club's existence going forward. But when it comes to under who's guidance and under which league, that's a discussion for another day."
Last year a Swallows consortium led by Panyaza Lesufi tried unsuccessfully to buy the topflight status of Free State Stars.