Sheffield's Powerleague 5-a-side football centre to close in plan to cut more than 100 jobs
The firm's Sheffield site at Attercliffe is among those earmarked for closure under the plans.
The group, owned by Patron Capital Partners, will shut 13 sites through a Company Voluntary Arrangement (CVA), a controversial insolvency procedure used by struggling firms to close under-performing units.
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Hide AdPowerleague said the move was a "last resort", adding that it would go bust without the restructuring.
"The CVA has been designed to deliver a refinanced, restructured business without which Powerleague would not have a viable future," the firm said.
It follows three years of declining revenues and failed attempts to raise sufficient funds to meet lease obligations.
The closures are likely to lead to the loss of 109 jobs and affected employees have been informed.
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Hide AdThe company boasts more than 440 pitches across 50 sites in the UK and Ireland and employs some 580 people, including sports coaches and referees.
Powerleague chief executive Christian Rose, who only joined the firm this month, said: "Closing sites is a difficult decision to make and we are supporting those personally affected.
"These significant changes are essential to a sustainable future for Powerleague and I am committed to our long-term turnaround plan."
Deloitte is handling the CVA, which will require the backing of 75% of creditors, including landlords.
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Hide AdIf approved, Mr Rose will then oversee a "long-term business plan" with new capital investment provided through Patron Capital and its partners.
Daniel Butters, partner at Deloitte, said: "The CVA, if agreed, will provide a stable platform upon which management's turnaround plan can be delivered.
- Powerleague clubs identified for closure under the CVA proposal are:
Finchley, London
Sheffield
Kilmarnock
Shrewsbury
Yardley, Birmingham
Leeds Central
Leeds East (Football World)
Leeds North
Halesowen
Hamilton
Manchester South
Basingstoke
Teeside
By Ravender Sembhy, Press Association City Editor