Royal AM faced serious financial issues linked to SARS debts accrued by owner Shauwn Mkhize, leading to the club being placed under curatorship.
A buyer was found during an auction, but the deal fell through. The team last played a match in December and had failed to honour fixtures since then.
They were first removed from the Nedbank Cup as their legal case caused delays in the competition and these ongoing issues eventually led the PSL to cancel their membership.