Currently, it is owned by Mitchells & Butlers, one of Britain's largest pub chains and leased to Christo Tofalli.
Tofalli said the move came after "challenging" trading conditions due to Covid-19 but hoped the pub will reopen under new management with the same spirit as before.
"After a sustained period of extremely challenging trading conditions, YOFC Ltd has gone into administration," Tofalli wrote in a Facebook post on February 5.
"Along with my team, I have tried everything to keep the pub going," he wrote.
"However, the past two years have been unprecedented for the hospitality industry, and have defeated all of us who have been trying our hardest to ensure this multi-award-winning pub could continue trading into the future.
"It goes without saying I am heartbroken: this pub has been so much more than just a business to me, and I feel honoured to have played even a small part in its history."
Hours after the closure was announced, Tofalli said he was overwhelmed with supportive messages from locals and visitors from several countries.
"I've never seen anything like it," he told the BBC.
"With all the messages I have had, it speaks for itself what we achieved."