The famous Pontypridd Rugby Club today (Thu 26 Sep) went into administration, citing debts approaching Â£700,000.
The 117-year-old club revealed the full extent of their crippling financial position on Monday following a crisis meeting of shareholders.
Pontypridd, who form half of the Celtic Warriors region, owe Â£675,000 to several creditors, including the Welsh Rugby Union and Inland Revenue,
Leighton Samuel, the millionaire benefactor for regional partners Bridgend, was refused permission by the WRU to clear the debt in return for full control of the Warriors.
Samuel's latest plan is to buy Pontypridd's share in the Warriors and gift it to the WRU, meaning the regional side would be owned on a 50-50 basis by Bridgend and Welsh rugby's governing body.
Swansea RFC went into voluntary administration in February amid rising debts, prompting several of the club's leading players to leave.
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