Cork City FC have been unable to repay the 360,000 ($512,000) it owes to the Revenue Commissioners in Ireland and could wind up this week.
The club had raised one-third of that amount throught the sale of players, and were hoping to work out a repayment deal with the courts.
Howver, Justice Mary Laffoy did not grant tham any more time and issued a wind up order for the end of the week.
The Club issued the following statement on its website:
"Following High Court proceedings today, Cork City FC has been given until Friday to settle its liabilities to the Revenue.
"The club is doing everything within its power to settle these liabilities and asks that our supporters and the people of Cork get behind us to help us to save the club.
"It is the intention of the club to continue trading and we are determined to do everything in our power to overcome this hurdle.
"At this time, the support of all is vital to us emerging from this situation and the continuation of League of Ireland football in Cork. As we look ahead to Friday night’s game against Bray Wanderers at Turner’s Cross, we ask the people of Cork to come out and support the team and buy tickets for the game in advance of Friday through our kiosk in Daunt Square and our club store at 22 Sullivan’s Quay."