Scottish music venue The Aches in Glasgow has gone into administration.
The blow comes after the famed nightclub and arts venue lost its license, resulting in a 50% drop in revenue. The closure will leave 130 Glasgow residents jobless, and a significant hole in the Scottish capital's arts and clubbing landscape.
Gordon Kennedy, chairman of The Arches Board of Directors, said: "The board has taken professional advice and is left with no other choice than to begin the process of appointing administrators for both The Arches Theatre Ltd and Arches Retail Ltd."
Callum Smith, a theatre producer from Glasgow, has started a petition to appeal the decision, gathering close to 40,000 signatures since May.
He said: "I'm sad for the people who work there, the artists involved and also for Glasgow. It looks like it's lost its biggest cultural institution.
"I think there will definitely be demonstrations, people are really shocked and want to do everything they can to stop the Arches from closing permanently.
"We weren't sure what was happening before but now this has happened I think Police Scotland and Glasgow City Council will not hear the end of it."
You can sign the petition here.
Read the full statement from The Arches Board of Directors here.
[Via Herald Scotland]
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