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

Upgrade in minutes or watch with a NOW TV Day Pass.

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

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

Y

ou can't blame De Gea for wanting to leave, he has enough to do in front of goal as it is as well as taking on the role of Man Utd's version of Derek Acorah in trying to contact and organise a defence that isn't there.

rodger's gusset
Van Gaal downbeat on De Gea

I

f you want to take six points off Arsenal, then that's a great strike force. Can't imagine either of them showing much for the rest of the season though...

foot in mouth
Adebayor & Berbatov: You Have To Admire The Balls

L

ooks like Real get their man, most likely at their own valuation, yet again. Resistance is futile.

paul7702
Van Gaal downbeat on De Gea

Footer 365

Andre Pirlo backs Liverpool's Mario Balotelli to prove his potential

Andrea Pirlo thinks Mario Balotelli can still be one of the "top forwards in Europe" despite his struggles at Liverpool.

West Brom reject approach from Aston Villa for Joleon Lescott

West Brom have rejected an approach from Aston Villa for central defender Joleon Lescott, according to reports.

Theo Walcott and Santi Cazorla sign new deals with Arsenal

Theo Walcott and Santi Cazorla have signed new contracts at Arsenal.

Mail Box

Neville Has It Wrong On Chelsea...

One Mailboxer says that the Neviller has it slightly wrong on Chelsea. Plus thoughts on sexy Saints, pre-season reviews, Connor Wickham and televised analysis...

De Gea Disrespectful? Remember RVP...

We got dozens of mails from people pointing and laughing at Brian D for suggesting David de Gea has acted disrespectfully; we printed some. And there's more...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company