Scottish First Division side Dundee have gone into administration, with a number of players and staff at the club expected to lose their jobs.
Dundee announced last week that they had no other option after being unable to negotiate the payment of a £365,000 tax bill.
A statement on the club's official website on Thursday read: "Dundee FC are now officially in administration. Papers were lodged at the Court of Session in Edinburgh today. Bryan Jackson of PKF will now assume control of the club."
Dundee are believed to have total debts of around £2 million and it has been suggested the club could go into liquidation within four weeks.
Dundee chief executive Harry MacLean insisted the club would fulfil their fixture against Stirling on Saturday but he could not guarantee they would be able to avoid liquidation.
"Any business that goes into administration, that can happen,'' he told BBC Scotland. "My personal opinion is that won't be allowed to happen. But the simple fact is unless we raise money and unless we raise it reasonably quickly, then any business could face that prospect.
"The business community have reacted quite well as have the ordinary fans in the street. What's going to make sure we survive is whether the pledges come good. A pledge is nothing until it's here as money in the bank.''
Dundee, who are sixth in the table, also face the prospect of sanctions from the Scottish Football League.
The SFL's rules state that any club in an insolvency procedure is in breach of its rules. Both Gretna and Livingston have been relegated from the First to the Third Division in the previous two years for undertaking a similar procedure, with the former unable to survive.