Staff at Notts County owner Alan Hardy's firm have been made redundant after a deal to save it collapsed.
Paragon Interiors, which employs about 90 people, went into administration in February.
Mr Hardy said in a statement, administrators took the "extremely difficult decision to make the incredible workforce redundant".
He said the financial problems of the company, which had been in business for 33 years, would not affect the club.
Administrators Leonard Curtis Business Rescue & Recovery confirmed the initial deal had failed and staff lost their jobs on Tuesday.
However, it said they were still in discussion with other parties "to pursue a potential sale".
Mr Hardy said: "Unfortunately it has been forced on them [the administrators] due to the collapse of the recent deal to sell Paragon, a deal I fully expected to be successful, securing jobs at Paragon and across our sites.
'Not the time'
"However, as with all deals, it was subject to contract and has not been able to achieve the desired outcomes we were all striving so hard for."
He added the last two years had "been incredibly challenging" and his thoughts were "with everyone who has been affected by this very sad news".
Mr Hardy said negotiations were ongoing with regards to the sale of the company's assets but now was "not the time to discuss this".
Notts County, which Mr Hardy took over as chairman in 2017, are currently in the League Two relegation zone.
In January, he left Twitter after admitting posting an "inappropriate photo".