It is estimated that the club need average home gates of around 8,000 a match in order to break even - a figure the club have never achieved.
A statement read: "I have today invited the apointment of joint Administrators to protect the club from being wound up by the Inland Revenue who have issued a winding-up petition.
"You should be aware that Feethams was condemned and that it was essential to re-locate the club.
"The new stadium is almost complete and negotiations are ongoing with the council and it will be for the Administartors to resolve this as a matter of urgency.
"I will provide every assistance to ensure the future well being of the club.
"Whilst the Administrators resolve the footballing issues I will endevour to develop other commercial interests for the benefit of the club."
The Quakers currently lie 23rd in the league table, with a 1-0 home defeat at the hands of Macclesfield Town on Saturday only serving to compound their misery.