English first division club Wimbledon was placed into financial administration today.
The administrators, Grant Thornton, said they were working with the existing management to achieve the club's survival.
"This is yet another example of the intrinsic problems facing many football clubs," said Grant Thornton partner Nick Wood in a statement.
"Wimbledon's problems have been well-documented and like so many clubs the short term cashflow has become critical.
"Whilst not welcomed by many, it is becoming increasingly clear that a move to Milton Keynes is a key element in ensuring that the club has the facilities commensurate with its ambitions," he said.
An attempt by the club's owners to move its base 80 kilometres north of London to Milton Keynes alienated thousands of Wimbledon fans who boycotted the club's matches and switched their allegiance to a new minor league club they formed themselves.
Attendances at Wimbledon slumped, sometimes to less than 2,000 a match, while attendances at the breakaway club, AFC Wimbledon, were far higher.
In January the club said it would move to the National Hockey Stadium in Milton Keynes, a new town created in the late 1960s that has never had its own professional football team.
