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.
Glyncoch have had a remarkable past couple of seasons, having lost just once in the last two seasons. Their fine form has been capped by claiming the South Central Division 5 crown of the SWALEC League.
With two rounds of the HSBC Sevens World Series remaining, Wales head coach Paul John has sprung a few surprises for this week's penultimate round in Glasgow. And there's still plenty to play for with World Cup spots on the line.