Dunfermline enter interim administration

PKF will take control of the finances and operation of the Irn-Bru First Division club

Accountants PKF were today appointed as interim administrators of Dunfermline.

PKF will take control of the finances and operation of the Irn-Bru First Division club with immediate effect.

The interim order was granted at the Court of Session in Edinburgh, with April 11 set as the date to determine whether full administration will be granted.

The process protects Dunfermline from the immediate threat of being wound up over a £134,000 tax debt.

A Court of Session official said: "Interim managers have been appointed and there will be a by order hearing at the court on April 11 at 9am."

The Pars revealed yesterday they had approached PKF's experienced football trouble-shooter Bryan Jackson after being unable to meet the demand from Her Majesty's Revenue and Customs.

Jackson and Robert Barclay, also of PKF, have now been appointed interim managers with immediate effect.

Today's decision means tonight's league game against Falkirk will go ahead as planned at East End Park.

Jackson said: "Clearly there is a considerable task involved in trying to save Dunfermline Athletic FC as the 128-year-old club has accumulated substantial debts over several years mostly from existing and past directors.

"Unfortunately, there will be a number of redundancies which will be announced in the next few days.

"The interim management process will allow the club to operate without immediate fear of closure but I cannot stress the need for the continued support of the fans, players, and staff in this process.

"It is important to realise that this appointment is simply the first step in a process that will take some considerable time.

"The future of Dunfermline Athletic FC remains uncertain but this is a proud and historic club at the heart of a proud and historic community and I need the fans and the community to rally around their club in its hour of need. I would urge all fans to turn up for tonight's game to support their team.

"Money will need to be raised simply to get to the end of the season as well as into the summer to continue to fund the club's day-to-day operations.

"Meanwhile, I shall be consulting with creditors and potential buyers of the club to try to ensure it has a viable future.

"I believe that with the support of the staff, players, supporters and wider community we can resolve the serious financial issues that Dunfermline Athletic FC faces now and in the coming months.

"But the club will need as much support as possible, as soon as possible, if it is to remain in existence."

Dunfermline majority shareholder Gavin Masterton apologised for the club's financial situation and inevitable job losses.

He said: "Despite my concerns regarding events over the past six months the ultimate responsibility stops with myself.

"Over the years the Masterton family have invested several millions of pounds into the club to establish the infrastructure and just under one million in the current year but this trend unfortunately was not sustainable.

"I want to personally apologise to all who will now be upset and damaged by today's announcement. Money and jobs will inevitably be lost but everything will be done to ensure a rapid return to normality.

"The understanding and help from all the players, staff, supporters, creditors, advisors, directors and steering group has to have been seen to be believed and reflects the passion and love that so many people have for the club. Thank you all.

"The board has been actively pursuing a strategy over this period of time to secure the club's future without involving an insolvency event.

"We have been unsuccessful in our turnaround efforts but we will continue to do everything possible to allow the club to regroup and re-emerge as a strong entity with a long-term future."

PA

News
people
News
people And here is why...
News
peopleStella McCartney apologises over controversial Instagram picture
Life and Style
Laid bare: the Good2Go app ensures people have a chance to make their intentions clear about having sex
techCould Good2Go end disputes about sexual consent - without being a passion-killer?
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Arts and Entertainment
Richard Burr remains the baker to beat on the Great British Bake Off
tvRichard remains the baker to beat as Chetna begins to flake
News
i100
Sport
footballArsenal 4 Galatasaray 1: Wenger celebrates 18th anniversary in style
Arts and Entertainment
Amazon has added a cautionary warning to Tom and Jerry cartoons on its streaming service
tv
News
people
News
The village was originally named Llansanffraid-ym-Mechain after the Celtic female Saint Brigit, but the name was changed 150 years ago to Llansantffraid – a decision which suggests the incorrect gender of the saint
newsWelsh town changes its name, but can you spot the difference?
Arts and Entertainment
Kristen Scott Thomas in Electra at the Old Vic
theatreReview: Kristin Scott Thomas is magnificent in a five-star performance of ‘Electra’
Life and Style
Couples who boast about their relationship have been condemned as the most annoying Facebook users
tech
Arts and Entertainment
Hayley Williams performs with Paramore in New York
musicParamore singer says 'Steal Your Girl' is itself stolen from a New Found Glory hit
News
i100
Life and Style
The spring/summer 2015 Louis Vuitton show for Paris Fashion Week
fashion
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Career Services

Day In a Page

Italian couples fake UK divorce scam on an ‘industrial scale’

Welcome to Maidenhead, the divorce capital of... Italy

A look at the the legal tourists who exploited our liberal dissolution rules
Time to stop running: At the start of Yom Kippur and with anti-Semitism flourishing, one Jew can no longer ignore his identity

Time to stop running

At the start of Yom Kippur and with anti-Semitism flourishing, one Jew can no longer ignore his identity
Tom and Jerry cartoons now carry a 'racial prejudice' warning on Amazon

Tom and Jerry cartoons now carry a 'racial prejudice' warning on Amazon

The vintage series has often been criticised for racial stereotyping
An app for the amorous: Could Good2Go end disputes about sexual consent - without being a passion-killer?

An app for the amorous

Could Good2Go end disputes about sexual consent - without being a passion-killer?
Llansanffraid is now Llansantffraid. Welsh town changes its name, but can you spot the difference?

Llansanffraid is now Llansantffraid

Welsh town changes its name, but can you spot the difference?
Charlotte Riley: At the peak of her powers

Charlotte Riley: At the peak of her powers

After a few early missteps with Chekhov, her acting career has taken her to Hollywood. Next up is a role in the BBC’s gangster drama ‘Peaky Blinders’
She's having a laugh: Britain's female comedians have never had it so good

She's having a laugh

Britain's female comedians have never had it so good, says stand-up Natalie Haynes
Sistine Chapel to ‘sing’ with new LED lights designed to bring Michelangelo’s masterpiece out of the shadows

Let there be light

Sistine Chapel to ‘sing’ with new LEDs designed to bring Michelangelo’s masterpiece out of the shadows
Great British Bake Off, semi-final, review: Richard remains the baker to beat

Tensions rise in Bake Off's pastry week

Richard remains the baker to beat as Chetna begins to flake
Paris Fashion Week, spring/summer 2015: Time travel fashion at Louis Vuitton in Paris

A look to the future

It's time travel fashion at Louis Vuitton in Paris
The 10 best bedspreads

The 10 best bedspreads

Before you up the tog count on your duvet, add an extra layer and a room-changing piece to your bed this autumn
Stuart Lancaster’s long-term deal makes sense – a rarity for a decision taken by the RFU

Lancaster’s long-term deal makes sense – a rarity for a decision taken by the RFU

This deal gives England a head-start to prepare for 2019 World Cup, says Chris Hewett
Ebola outbreak: The children orphaned by the virus – then rejected by surviving relatives over fear of infection

The children orphaned by Ebola...

... then rejected by surviving relatives over fear of infection
Pride: Are censors pandering to homophobia?

Are censors pandering to homophobia?

US film censors have ruled 'Pride' unfit for under-16s, though it contains no sex or violence
The magic of roundabouts

Lords of the rings

Just who are the Roundabout Appreciation Society?