John Hollins' future as manager of Crawley is in doubt after the Conference club confirmed they are going into administration.
Reds have revealed the running of the Broadfield outfit will be handed over to insolvency firm Begbies Traynor following a season of money problems.
Hollins has been waiting to sign a new contract he verbally agreed with owner Azwar Majeed four weeks ago.
The former England international was sacked as manager of Swansea when they went into administration in 2001 and fears the same thing will happen again.
He said: "I don't know what will happen until it all kicks off. I have been in this position before but unfortunately I wasn't there very long to see it.
"At Swansea, they fired me and then went into administration because I was the biggest earner.
"It is a very uncertain time. You are in a position when you are enjoying it and working and then you suddenly might not be in a job.
"Someone might come in and say 'we don't want him' and that would be it. I'm not going to lose a contract because I haven't got one. I had one but I never got to sign it because it was never there for me to sign.
"I want to carry on working but I can't do anything about it until we know the full situation."
Hollins took over on a non-contract basis last November and overcame a series of off-field problems to help Reds avoid relegation.
He added: "It is very frustrating because we had more than turned the corner. I have kept them in the league, I have cut the budget, got some quality in the football and got young players on the map and then this happens.
"It is so disappointing but I can't do anything about it because no one has told me exactly what is going on, so all I can do is wait and see what happens."
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