Former Town skipper Terry Butcher has taken over as boss at Scottish Premier League side Motherwell. Former manager Eric Black and chief executive Pat Nevin have resigned and chairman John Boyle is set to put the club up for sale.
Black is expected to join Gary McAllister at Coventry City as the assistant to the player/manager.
A statement from Motherwell said: "At a board meeting earlier today the directors also agreed to seek a court order placing the club in interim administration.
"This means an administrator will be appointed by the Court of Session in Edinburgh to run the club while a buyer is sought.
"It does not mean the end of Motherwell Football Club and the club is not in liquidation. The club will continue to operate during this unspecified period of interim administration, the team will continue playing and the club's status with the Scottish Premier League is secure.
"However, a financial restructuring of the club will take place. Sadly this will involve redundancies for both playing and non-playing staff, although it is too early to say how many jobs will be affected.
Butcher has previously manageed Coventry City (1990-92) and Sunderland (1993).