Macclesfield Town Football Club has been wound up in the High Court of Justice in London for failure to pay debts of over £500,000, according to a report on BBC Sport.
The former English Football League team, which was from January coached by Former Republic of Ireland player Mark Kennedy, has been facing the winding up petition since January 2019.
According to the report, Judge Sebastian Prentis made the winding-up order during a hearing in the Insolvency and Companies Court after being told £190,000 was owed in tax.
The court heard that former manager John Askey was owed £173,000, as was an unnamed financial lender.
The Silkmen were relegated from the English Football League in August, after a rocky 2019/20 season both on and off the field.
The club failed to pay its players in November last year, resulting in them going on strike and the Silkmen having to field a team of youth players in their FA Cup loss to Kingstonians on November 10th.
They were subsequently deducted points for failing to fulfil their fixtures against Plymouth and Crewe, and were cost further points for non-payment of players.
The club's owner, Amar Alkhadi, who had stepped down from his role as chairperson in August, had asked the court for an adjournment of eight weeks.
The case had already been adjourned 12 times previously, with Alkhadi claiming that Robert Benwell was in the process of buying the club.
The court also heard that Alkadhi understood the amount due to creditors was only £4,000, and that he had made a late offer to pay an initial £20,000 of the debt owed to HM Revenue & Customs.
A screenshot of a bank statement was made available to the court, which showed a balance of £1.1m in funds to show that creditors could be paid.
Judge Prentis said he would grant a compulsory order, saying "nothing gives me comfort that the club can pay its debts in a reasonable period" and that there had been "ample opportunity" for Alkadhi to pay off creditors, according to BBC Sport.
He went on to say that he had not been told by Alkadhi where the £1.1m had come from or why outstanding debts had not already been paid.