Frankston has been sensationally kicked out of the VFL after 51 years in the competition.
The Dolphins administrator reportedly said AFL Victoria 'terminated' the club's VFL licence on Monday morning.
Frankston joined the then-VFA in 1966 after leaving the Mornington Peninsula Football League.
The stand-alone Dolphins have struggled recently, with only six wins in the past three seasons – including a winless 2015 campaign – and have claimed the last two wooden spoons.
The VFL will be a 14-team competition in 2017.