Instead of establishing a football club, how about creating a local tournament / league instead? Teams pay X amount of money to join, league goes on for a few months, and you can earn money through the fees that each team pays for the matches.

Not sure how viable it will be, but with the right audience (youth players, for eg), and supported by the right parties (ministry of youth & sports, etc) and sponsors, it probably has a better shot at being sustainable than a football club.

But your post mentions that you're not seriously looking into profitability for the football club. In that case, it should be fairly easy to get started.