RHYL FC have failed to find the investment needed and are now beginning the process of liquidation.

The club’s 141-year history will shortly come to an end after their financial plight has now resulted in the worst possible outcome for the Lilyhwhites’ fan base.

A deadline of Monday at 5pm was set to find £175,000 needed to keep them in business until May 2021. Despite offers of interest, these were deemed not credible by the club’s board of directors which has resulted in this devastating move.

After failing to purchase the ground from owner David Butters, in addition to the lack of income due to the coronavirus fixture suspension, has only increased their predicament in recent weeks.

Following a meeting held on Monday evening via video conference, the club were left with no other alternative other than to The Football Association of Wales will now be informed of the decision, and the Journal understands that manager Eddie Maurice-Jones and playing staff have also been told of the board’s decision.

The Academy will also be disbanded due to the failure to find the necessary funds, which represents a significant blow for football in the area.

Money raised by the Rhyl Fans Association could be used to possibly form a new club in the town in the near future.

Club chairman Paul Higginson, who extended the investment enquiry deadline on two occasions to give the club every chance of finding a suitor, said: “‘This is a very emotional day for everyone connected with the Club - the Volunteers, Supporters , Players , Coaching staff and all the Officers of the Club. We are all Fans and feel it deeply.

“That said the Town has a very proud footballing history and a very determined character and, as in 1992, I have no doubt that a very strong New Club will rise from this low.“