In a short statement given to the on Friday evening the directors said they have signed a notice of intention to appoint administrators which will be filed in court.
The statement said: “We envisage that the proposed administrations will be appointed on Monday or Tuesday.
“A plan is in place to allow the club to continue to trade whilst efforts to secure a long-term future are explored.”
A deadline for interested buyers had initially passed on Thursday but fans had remained hopeful finance and IT entrepreneur Anderson could strike a deal.
The club had earlier stated: “Whilst a deal was not reached, negotiations on a purchase ended amicably and DA Capital are welcome back to the table once the club’s financial situation is under control.”
Mr Anderson is the director of Cullen-based DA Capital Ltd.
