The women's Championship club, which only went fully professional this season, is going into voluntary liquidation.
The announcement came hours after some players revealed on social media that they had lost their jobs.
The club statement said that the board of directors had instructed BK Plus to place the club into voluntary insolvency.
We would like to thank everyone for their support over the last seven years. The club will keep you up to date on the club's progress.
I have no words. It's heartbreaking to find out that you no longer have a job that you've always wanted. Thanks for making me a professional footballer.
Holly said that life can be filled with things outside of your control. I'm sad. I would like to thank you for making my dream of being a professional footballer come true. I've made friends and memories.
In the 12-strong division, Coventry had six points from 11 games.
The club were due to play Bristol City on January 9 in their third season in the second tier of the women's game.
The sacrifice these girls make to become professional footballers to be told halfway through a season you no longer have a job, or a club, is simply not good enough.
