The Arches nightclub has gone into administration.
Bosses at the popular Glasgow night spot announced the decision following a meeting of The Arches Board of Directors today after taking legal advice.
They confirmed they will now begin the process of appointing administrators for both Arches Theatre and Arches Retail Company Limited.
The decision by the Glasgow venue’s management comes after the city council’s licensing board imposed a midnight curfew, following what has been described by a “sustained campaign” by the police to shut down the club.
Nearly 40,000 people signed a petition against the opening restrictions while 400 leading creative figures signed an open letter backing The Arches.
Hopes remain that the club can be saved. At First Minister’s Questions at Holyrood, deputy first minister John Swinney said that the Scottish government would “look in all ways that we possibly can” to help “a significant cultural venue in the city of Glasgow and a venue that contributes a great deal to the cultural life of Scotland”, while Culture Secretary Fiona Hyslop said the Arches was “a powerhouse of culture and arts activity over the past 24 years”.