Pars enter administration

Dunfermline have chosen to go into administration rather than be liquidated.   Revenue & Customs had served a petition for liquidation at the Court of Session over a tax bill of £134,000 with a deadline of 5 p.m. today.  A group of fans has clubbed together to pay the administrator’s fees.

Dunfermline have chosen to go into administration rather than be liquidated.   Revenue & Customs had served a petition for liquidation at the Court of Session over a tax bill of £134,000 with a deadline of 5 p.m. today.  A group of fans has clubbed together to pay the administrator’s fees.

Last week it was announced that fans group The Pars Community had failed in a deal to buy club owner Gavin Masterton’s shareholding for £500,000.   There has been speculation that Masterton might buy the ground from the administrator and then rent it out to new owners of the club.

Masterton is a retired managing director of the Bank of Scotland.   Recently he announced his intention to step down from the board of the club citing ‘unbearable pressure’ on him and his family.   However, he said that he would stay in post to oversee a controversial share issue which he thought was the way to deal with the club’s cash flow problem.

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