Croydon Athletic Football Club has resigned from the Ryman League.

A statement issued by the club stated the club’s owner Jenna Manji instructed the club to write to the Ryman Isthmian Football League on Tuesday (January 17) to inform them it had resigned as a member club with immediate effect.

The Rams were given a stay of execution on January 5 by the Ryman League board, who decided they should be given one last chance to find a way out of their debt-ridden mire before they are thrown out.

However the decision was made to resign from the league before the deadline on Friday January 20 Chris Roots, club chairman, said: “The football club has effectively folded. We are playing no football, we are out of the league, the stadium is abandoned – It is very sad.”

The club has not played a game since running out of money on December 3 and has no players or home, with the KT stadium locked up.

The club was handed a £7,500 fine and deducted 10 points after pleading guilty to charges of misconduct by the Football Association in December 2011.

A statement said: “The Football Club thanks players, officials, volunteers and supporters who have been part of the Football Club since it was formed in 1986 and who have given tirelessly to it over that time."