Former Super League club the Widnes Vikings have reached a point where they can no longer afford to pay their current players on their squad.
Widnes say they are unable to pay their players following the collapse of a proposed takeover of the former English Super League club.
The Vikings, who were relegated at the end of last season, had pinned their survival hopes on securing fresh investment but admit they are now facing the threat of administration.
“Widnes Vikings have been facing a significant cash-flow gap, which must be resolved in the coming days,” the club said in a statement on Tuesday.
“Throughout the past three months, Widnes … have made extensive efforts to engage business leaders and individuals to secure investment to stabilise the club and overcome the potential threat of administration.
“This has included the board writing off more than 370,000 pounds ($A675,000) worth of loans that they had provided to the club throughout their tenure.”
The club said it had appeared likely a consortium of investors would take ownership but that a key member had withdrawn from the process.
“As a result, the club has, as yet, failed to secure the necessary investment and is unable to make its payroll commitments for all employees tomorrow.
“Efforts to secure investment remain ongoing and we will continue to pursue all available avenues.”