The news comes just a day after Aldershot chief executive Andrew Mills resigned merely three months into his post due to the actions of owner Kris Machala, whom he accused of blocking all solutions to secure the long-term future of the financially-stricken club.
Machala used his majority shareholding to vote against a resolution to restructure capital funding at the club's AGM two weeks ago, instead revealing he had secured a new investor who would pump much-needed funds into the EBB Stadium.
Crisis club Aldershot have been placed in administration just five days after being relegated from the Football League.
The Hampshire outfit were founded as Aldershot Town as recently as 1992 after Aldershot Football Club, which had been in existence since 1926, went out of business.
After successive non-league promotions Town returned to the Football League in 2008 but their five-year stay came to an end last weekend as they finished bottom of the npower League Two table.
And with the club's perilous financial state causing growing concern and with players still not paid their April wages, it has this afternoon been announced that Aldershot have entered administration - bringing back dark memories of their past.
Aldershot are yet to release an official statement.