The club has been open for more than 30 years
A long-running miners' welfare club in South Yorkshire, which uses its profits to fund activities for the community, has called in the administrators.
The recession and a fall in takings has forced the village club in Grimethorpe, near Barnsley, to shut its doors.
Over the years the club's profits have funded sports and social activities for young people but now the future of those groups is uncertain.
Councillor David North said the closure was a disaster for the village.
"The activities that go on here for the young people of Grimethorpe with the sporting side - football, rugby, the cricket club, the first aid club, majorettes, boxing and the junior band - they all rely on these premises," Mr North said.
"Where are these young people going to go now? It's an absolute disaster."
Secretary Tony Devoy said the closure of the club, which has been open for more than 30 years, would have a big impact on local youngsters.
"There are gangs of kids wondering about with very little to do.
"That's what this place is all about, giving them things to do, cultural, social, sporting, to help them raise their aspirations."
"Very few people from this village go to university, very few compete at the highest level in sport.
"They can come here and they can learn stuff and they can get on in life. That's the best thing they can do."