Bryan Jackson, the administrator of Dunfermline football club said today that their fans are now the only hope to rescue the stricken club. Jackson plans to get a Company Voluntary Arrangement (CVA) agreed to before the football club runs out of cash following the Airdrie United’s final match against Fifers on Saturday. Bryan Jackson warned that the club shouldn’t expect a white knight to rescue the club.
Bryan Jackson, who is an insolvency expert, was appointed the internal administrator of Dunfermline after the Scottish football club faced a winding up order over a £132,000 tax debt from Her Majesty’s Revenue and Customs. Dunfermline also owes over £8.5 million to its former owners including Gavin Masterton. As soon as Bryan Jackson was appointed as the administrator, he made eight players redundant, including the captain Jordan McMillan.
Dunfermline formed a strategy group called Pars United for its rescue before it applied to get into administration. Pars United was formed earlier this month after a meeting of former directors, supporters’ groups and other interested parties. The group has reportedly raised £100,000 from fans and businessmen to save the club.
Today, the Scottish Football Association issued a Notice of Complaint to Dunfermline. The SFA has ordered the Pars United to appear for hearing at Hampden on May 9, 2013.
Jackson said that he can navigate through the other issues, but the real problem is funds, which must be solved. He said if Dunfermline fails to raise funds, and the club is getting into a close session, there won’t be any money to run the club. He said white knights have disappeared for the club. Jackson believes that the only people interested in purchasing the club will be its die hard supporters.
Recently, Dunfermline raised some desperately-needed funds through bucket collections. Those funds will help it operate through the end of the season when the problems will arise once again, unless a Company Voluntary Arrangement (CVA) has been approved.