Liquidation threat at Dundee
Submitted by WG on Thu, 14/10/2010 - 15:21
The situation at Dundee appears to have become more serious with a threat that the club might have to be liquidated if its finances cannot be sorted out in the next four weeks. It is believed to have overall debts of around £2m.
The club's benefactor, Calum Melville, has contributed £200,000 to paying off the club's tax debt which pushed it into administration. Another £200,000 is needed and half of that has pledged by local business people.
No doubt the club will surmount the current crisis and survive. However, these events highlight once again the parlous financial state of Scottish football, particularly for a Division 1 club trying to get itself into contention for promotion to the SPL.
