The Rugby Football Union today announced that it is unable to sanction the participation of Rugby Lions in the RFU leagues in the 2012-13 season.
The RFU met with representatives of the club last month following the winding up order relating to The Rugby Football Club (2011) Ltd.
Following that meeting we asked the club to meet the obligations to rugby creditors of The Rugby Football Club (2011) Ltd by 5pm today (August 17).
The club has been unable to meet those obligations and as a result will play no part in the leagues in this coming season. National League Two South will continue with 15 clubs.
"We hope that with the help and support of the local community the club will be able to rejoin the league structure in the future," said Peter Baines, the RFU's Chairman of Governance.
"Supporting our clubs and keeping players on the field is the core of what the RFU does but in this case the club was unable to satisfy its rugby creditors and meet agreed targets in line with our regulations.
"The consequences of getting into severe financial difficulties can be catastrophic for clubs and this event underlines how important it is for them to live within their means"