Hamilton Academical face being declared insolvent if they do not repay a financial services company used to pay wages.
The Funding Globe has a holding charge against the club, security against their assets after funds were borrowed to pay players and staff last year.
Previous owner Seref Zengin sold the Scottish League 1 club to Morley Sports Management at the turn of the year, but the debt remains unpaid.
“Hamilton Academical FC is currently under threat of administration following a default under its secured lending arrangements,” reads a statement on the Hamilton website.
“The Charge Holder has made repeated attempts to engage constructively and reach an agreed resolution, however matters remain unresolved at this time, including…