Super League club Crusaders have been formally placed in to administration.
The financial problems that the club has been suffering from have been blamed on the previous owners, who sold the club ahead of its relocation to Wrexham at the end of last season.
Joint administrator Peter O’Hara commented: “There was a high level of support and enthusiasm towards Super League rugby in its first season in Wrexham which exceeded the club’s expectations.
“We are currently pursuing a number of options and are talking to interested parties and the RFL in the hope that a solution can be found to the club’s current difficulties which would enable it to go forward and maintain rugby league in Wales.”
The club attended a hearing over a winding up order earlier this week, but instead of having the case thrown out, it was adjourned.
Crusaders were handed a Super League licence in 2008, but struggled in their first season before relocating to North Wales for 2010. They fared much better on the field, finishing in the play-offs for the first time.