Russian club Rotor Volgograd have announced that they have gone bust.

The one-time conquerors of Manchester United have filed for bankruptcy during their season in Russia's third division and have now been wound up.

Rotor once famously knocked a United side consisting of Paul Scholes, Peter Schmeichel, Roy Keane and David Beckham out of the UEFA Cup in the first round back in 1995.

"The Volgograd Region's administration have signed an official document concerning the bankruptcy of Rotor," said the club's official website.

"Over time, the Volgograd Region's administration plan to turn Rotor Volgograd into a legally binding structure, which will allow them to compete at a professional level."