Zenon Caravella has admitted his relief that second-year club Gold Coast United is set to remain in the A-League.

Following doubts about the club that it was about to fold due to lack of investment, billionaire owner Clive Palmer assured Football Federation Australia that he would remain at the helm of the outfit and keep them afloat despite an $8million debut season loss.

27-year old midfielder Caravella, who joined United from Dutch club FC Omniworld in late 2008, said he was relieved that he and his teammates would be able to continue on as they were.

"It's definitely a huge relief that it's all been sorted," he told The Cairns Post.

"When all this talk happened that we might fold, we were in the off-season and if it did happen, it would've put us in a difficult situation because most of the other clubs had already filled their playing rosters.

"This is our livelihood we are talking about, so it was a bit scary there for a while."

Caravella was extra happy as Gold Coast enjoyed a strong start to its A-League career by finishing third and the playing group plans to improve on that next term.

"We were very happy with what we did. It's a great effort to finish third with a completely new playing group," he added.

"But we were also a little disappointed we didn't go that little bit further.

"Sydney FC were the eventual premiers, but we played them three times during the year and beat them three times.

"I think that shows on our day we are as good as anyone. It's just those little mistakes that cost us."