Nuneaton Borough at risk of liquidation following withdrawal from Southern league
Nuneaton Borough are facing liquidation after withdrawing from Southern League Premier Division Central.
The club said it faced "insurmountable challenges in maintaining operations" and was unable to continue trading.
A statement added they had been told an offer to buy their former ground, Liberty Way, would not be considered and no new lease would be given.
"Armed with this information our future investors have had to withdraw any future support," the statement said.
"Furthermore, without additional investment or new investors to provide financial support, the club is unable to continue trading.
"In light of these circumstances, we are now considering the liquidation process.
"This decision comes with a heavy heart, and we deeply appreciate the unwavering support from our loyal fans and the football community during this challenging time."
On 23 November it was announced that DA Capital director David Anderson had taken control of the club, alongside Nick Thompson and Robert Tidmarsh.
But last month a statement was released appealing for new owners to secure the club's future.
Seventh-tier Nuneaton moved to Liberty Way, previously owned by Nuneaton Rugby Club, after leaving Manor Park in 2007 and the stadium has been owned by Arden Tigress since 2019.
They were served with an eviction notice over rent arrears in October, since when they have played home games initially at Stratford Town, one FA Trophy tie at the nearby Coventry Building Society Arena and latterly Barwell, 10 miles away across the county border in Leicestershire.
Supporters formed the current club as 'a phoenix club' when the former incarnation of Nuneaton Borough were liquidated in 2008 before reforming as Nuneaton Town.
The 'Borough' part of the club's name was then reinstated during the summer of 2018.
The old Boro were founder members of the Alliance Premier League in 1979 when non-league football in England was first given a proper pyramid structure.