Masterton hands over shares

Dunfermline owner Gavin Masterton has handed over his shares in the club in a move described as 'essential' in securing their future.

Last Updated: 04/04/13 at 14:00 Post Comment

Bryan Jackson: Dunfermline administrator now in control of club

Bryan Jackson: Dunfermline administrator now in control of club

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Businessman Masterton has passed his controlling interest in the Pars on to administrator Bryan Jackson, who says the move makes his job of saving the club considerably easier.

The Irn-Bru First Division side were placed in interim administration last week after Her Majesty's Revenue and Customs lodged a winding-up order over an unpaid £134,000 tax bill.

The administration process protects them from the taxman's attempts but they still owe around £8.5m to Masterton and other companies.

Former Bank of Scotland executive Masterton, who has faced supporter protests after taking the 128-year-old club to the brink of disaster, hopes the move will help them rebuild for the future.

He said: "For those of us who love this club, anything which can be done to facilitate its future survival must be done.

"I have given my life to DAFC over the last few years and I hope that this move is one of many actions which need to be done swiftly to allow Bryan to more effectively do his job as the administrator.

"I appreciate that the fans will also be doing their best for the club and hope that we can all work together to ensure DAFC is still around for another 128 years."

Jackson added: "I am grateful to Mr Masterton for handing over his shares.

"This will make the process of administration considerably easier and this action, along with the decision by various supporters and business organisations to unite behind the club in the Pars United group, gives me some hope that we can have a positive outcome from the administration process.

"I would echo Mr Masterton and Pars United in encouraging all fans, and the wider community, to get behind the club in any way that they can.

"We are also pleased to announce that we have been able to provide a small advance on April's wages to all players and staff from the generous donations received by fans and benefactors since the announcement of the interim administration last week."

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

H

e doesn't need a caoch. He needs a bus. A bloody big one, that he can park across the goal line. And when he gets one, he can do us a favour and let us know where we can buy one from as well.

HarryBoulton
Rodgers: No defence coach

Y

ou are wrong Per, thats the right way the play. Its everyone elses' fault that it doesnt work.

delboy
Mertesacker urges style change

A

s it's panto season coming soon, let me be the first Oh yes you do

munchie
Rodgers: No defence coach

Footer 365

La Liga: Barcelona's Luis Suarez adamant biting days are behind him ahead of El Clasico return against Real Madrid

Barcelona's Luis Suarez is adamant his biting days are behind him as he returns from a four-month ban against Real Madrid.

Transfer news: Van Gaal hints former Barcelona keeper Valdes could stay at Manchester United

Manchester United manager Louis van Gaal has refused to rule out the possibility of signing goalkeeper Victor Valdes.

Premier League: Ronald Koeman looking at European challenge sparked by Dusan Tadic

Ronald Koeman believes Dusan Tadic can spark Southampton into a challenge for Champions League football next season.

Mail Box

'Goals Like That Can Make You Pregnant'

Those being sniffy about Erik Lamela's rabona are given short shrift in the afternoon mailbox, where criticism of Brendan Rodgers is smashed out of the park...

Does David De Gea Need Competition?

It would certainly be a good idea to give Victor Valdes a contract, while we have more mails on Brendan Rodgers, Arsene Wenger, the rabona and mailbox gripes...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property