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Bosses at Hinckley & Bosworth Borough Council say they hope the town's football club can continue to exist.
There are reports that cash-strapped Hinckley United have been officially wound up at a hearing at Birmingham High Court this morning.
The unofficial Hinckley United Twitter page said:
"At 11:15 this morning Hinckley United FC have ceased to exist. Thanks to all our players, fans & followers for all your support #GoodBye."
Latest ITV News reports
Cash-strapped Hinckley Utd are now no longer a football club after being officially wound up at a hearing this morning.