The Northamptonshire side, nicknamed The Bones, went into receivership on October 17.
According to a statement from Marshman Price “all avenues had been exhausted” for the club which was one of the founding members of the Northamptonshire League. They currently compete in the Chromasport United Counties League.
Speaking to Insolvency Today, Pettit said he was hopeful for the future of the club after having already been contacted by six interested parties.
He explained: "The football club remains hopeful that the right offer will come through for them."
In a joint statement, Pettit and Price said: "We are hopeful Rothwell Town Football Club may continue to fulfill their home fixtures at the Cecil Road ground in the long term, although this cannot be guaranteed at this juncture.
"Notice of the appointment has been sent to all known creditors and members. "However, should anyone believe they are a creditor but have not received a copy of the administrators notice, they should contact Mr McGee at Marshman Price."
Property consultants Lambert Smith Hampton have been appointed to assist the administrators with the sale of the club’s ground.
The club was originally formed as the Rothwell Town Swifts in 1895 with its nickname having been inspired by the bone crypt inside the town’s Holy Trinity Church – one of only three in the country.
By Andy Pearce