Historic Polish football club Polonia Warsaw were relegated from the country's top flight on Tuesday because of their disastrous financial situation, the Polish Football Federation (PZPN) announced.
Polonia, crowned champions twice and two-time Cup winners since their creation in 1911, have failed to convince the federation that they have a credible plan although they have been in talks trying to find a solution to their problems.
"The club is behind in paying wages to the players, social security payments and owe money to the taxman," read a statement on the PZPN website.
"They have not presented any credible documents on the future of their finances."
A PZPN spokesman put it bluntly with regard to their future.
"As of next season Polonia Warsaw will be demoted," said Jakub Kwiatkowski.
A spokesman for the club said that they had been trying to resolve their difficulties.
"We have held meetings on the club being taken over but for the moment there have been no positive results," said Adam Drygalski.
Polonia Warsaw, who finished fifth in the past season, won their league titles in 1946 and 2000 and the Polish Cup in 1952 and 2001.