Hereford United have been expelled from the Football Conference following their failure to pay their bills.
The club announced the news on their official Twitter account.
The Bulls' fate has been in the balance since the full extent of their financial worries emerged in the weeks since their miraculous final day of the season escape sent Chester down.
But Chester are now reinstated as a Conference Premier club and Hayes & Yeading will stay in Conference South.
The Conference had originally offered the Bulls, taken over last week by London businessman Tommy Agombar, a deadline of Thursday, 5 June to pay their football creditors.
That was extended to the following day, then again to Saturday, 7 June and for a third time until Thursday, 12 June.
But it became clear on Tuesday that they would not make that deadline - and the Conference have now acted.
The last team to be expelled from the Conference was Chester City in February 2010.
They reformed as Chester and it is hugely ironic that it should have taken the Bulls' place, following a dramatic final day of the season 45 days ago when, almost simultaneously, a late Hereford winning goal at Aldershot and a Salisbury equaliser at Chester kept the Bulls up.
When the season ended, the club having been saved by months of fund-raising efforts by fans, the Bulls had to find approximately £225,000.
They still owe over £70,000 to clear the latest PAYE tax demand from Revenue and Customs (HMRC). And they owe £148,000 to football creditors, including former boss Martin Foyle, members of the current squad who are owed wages and clubs from whom the Bulls loaned players during the 2013-14 season.
http://www.bbc.co.uk/sport/0/football/27786442sad day for there fans