Dundee Football Club are set to go into administration after failing to negotiate a deal with the taxman.
The First Division side are in the process of appointing Bryan Jackson, the man who oversaw Motherwell's administration in 2002.
It is believed the club are unlikely to make an official statement on the matter until next week, when it formally enters administration for the second time in seven years.
Football redundancies are also likely to follow, with the management team of Gordon Chisholm and Billy Dodds and around ten players among the first to go. Current players on loan including Milan Misun, Jamie Adams and David Witteveen are likely to be the first to be released.
Dundee owe HMRC around £365,000 and have been in negotiations this week to make a one-off payment for their outstanding tax bill, before entering a payment plan to settle the remainder.
Insolvency practitioner Blair Nimmo, best known for his role as administrator at Airdrieonians through his role with KPMG, was scheduled to meet with HMRC during the week in a last-ditch attempt to settle the bill.
Dundee's players are currently away from the club, having been given the weekend off for the international break.