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Dunfermline Athletic to apply to go into voluntary administration

STV understands a consortium of fans and businessmen will fund the cost of administration.

Dunfermline's Director of Football Jim Leishman (centre) announces to the press that the club will apply for administration.
SNS Group

Dunfermline Athletic Football Club Limited are to apply to go into administration.

The move comes ahead of a 5pm deadline to pay a £134,000 debt to HM Revenue and Customs or face liquidation proceedings.

A court hearing will now be held in due course, where it will be determined whether the company has the necessary funds to be placed in the hands of administrators.

A statement from Dunfermline on Tuesday afternoon confirmed that an approach had been made to administrators PKF.

"The directors of Dunfermline FC have today decided that their only option is to place the club into administration," It read.

"The administration appointment is expected to take effect within the next couple of days and the directors have approached Bryan Jackson, of accountants PKF, to consider being appointed administrator.

"The directors have taken this decision with considerable regret but believe that they have no other choice in the current circumstances. Until the administration is effective all staff will remain in post and the club will continue to operate normally."

In a statement released on Tuesday evening, PKF said: "The directors of Dunfermline FC have today decided that their only option is to place the club into administration.

"The administration appointment is expected to take effect within the next couple of days and the directors have approached Bryan Jackson, of accountants PKF, to consider being appointed administrator.

"The directors have taken this decision with considerable regret but believe that they have no other choice in the current circumstances.

"Until the administration is effective all staff will remain in post and the club will continue to operate normally."

A group of fans and businessmen have agreed to put up money to underwrite the appointment of an administrator. Majority shareholder Gavin Masterton is not part of the consortium.

"There is a group of Dunfermline Athletic supporters who have underwritten the administrator's fees, which is great," Dunfermline honorary director Jim Leishman said. "So we are back in the game.

"It was either liquidation where you are done and dusted, and you have nothing. But we are giving it a chance.

"We will be speaking to the administrator, if that gets the go ahead we will be speaking to him."

Masterton stated his intention to make an announcement on Tuesday, with staff at East End Park to be informed.

Club legend Jim Leishman, manager Jim Jefferies and representatives from PFA Scotland met with players at the team’s training base on Tuesday afternoon, ahead of the administration application being made, to update them on the situation.

Fraser Wishart, chief executive of the players' union PFA Scotland, said: "In a strange sort of way it's the best position the club can be in at the moment because liquidation is calamitous for everybody — the club is closed, the creditors get nothing and the players lose their jobs.

"At least there is some kind of clarity to the situation and we welcome that. I'm pleased it's Bryan Jackson, somebody I have worked with many times before and who knows the football game inside out.

"We will be looking to have a meeting with Bryan Jackson in early course to work out a good course of action that will hopefully protect all our players' jobs."

He added: "We're in a situation where it's still in grave danger.

"The first point is to get to the end of the season and fulfil the fixtures. At that point, hopefully there'll be enough funds to get there and for somebody to come in and buy this proud club."

It is unclear if Dunfermline's home match against Falkirk at East End Park will go ahead.

Manager Jim Jefferies said: "We might not have a game tomorrow. Fraser has made us aware that if Bryan Jackson comes in and he doesn't think it's sustainable or can't find the money he has got to find, then it's shut.

"There will not be any game if we go into liquidation. We have got a chance with it being administration."

Should the application to go into administration be successful, the First Division fixture at home to Falkirk on Wednesday is expected to go ahead as planned.

The board of the Scottish Football League will subsequently decide how many points to deduct from Dunfermline Athletic as a consequence of going into administration.

Dundee were docked 25 points when they went into administration in 2010.

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