Dunfermline Finished?

[SMEE]

Dunfermline were handed a "Winding Up Order" this afternoon by HMRC. Does this mean they are finnished, or are there options to escape being sent to oblivion still available?

[+old caley girl]

Would imagine they will have to pay hmrc in full or agree a payment plan. Dark days at east end park.

[DALNEIGHCALEY]

Division 3 for them surely , same fate as rangers .

[+old caley girl]

Only if they become a newco?

[SMEE]

My bad....apparently the club are to be handed a winding up order...it hasnt happened yet

[Renegade]

I heard a couple of weeks ago, that the financial problems at Dunfermline are so bad, that they might miss administration all together and go straight into liquidation.

[CaleyD]

The money due to HMRC is the least of their problems to be honest.  It accounts for only about £134k of a total debt in the region of £8.5M.

 

As most of that is owed to Directors etc, then they will be desperate to avoid liquidation as they'll lose the lot....if they haven't already.  However, it's very difficult to see how they could trade their way out of trouble with that level of debt, so it would seem fairly inevitable.

[DALNEIGHCALEY]

http://www.scotsman.com/scotland-on-sunday/sport/football/rangers-takeover-john-yorkston-calls-on-spl-chairmen-to-relegate-newco-rangers-1-2278177

[djh222]

So sad to hear

Edited March 13, 2013 by djh222

[SMEE]

Be interesting to see if they do go to the wall...and restart as a newco, if they are allowed to keep everything the same and even their history and honours as Rangers did

[Snafu]

If Dunfermline Athletic go into liquidation there will be no newco as there is no seperation between club and business like at Oldco Rangers. But someone could buy up the assetts and start a new club based at East End Park but the history and honours of the old club would not be transferable.

 

I hope it doesn't have to come to this and the club can recover.

[IMMORTAL HOWDEN ENDER]

Can we put in a bid fer Buffy ?

[bdu98196]

Lieshman was on the radio on Sat - he is putting together a consortium to save the club.

[lukemackay]

http://www.scotsman.com/scotland-on-sunday/sport/football/rangers-takeover-john-yorkston-calls-on-spl-chairmen-to-relegate-newco-rangers-1-2278177

Thats because rangers became a newco. Dunfermline are still Dunfermline, they havnt even entered administration yet, so how is this in anyway related?

[Alex MacLeod]

Dunfermline is not in the same situation as Rangers was. Yes they owe the taxman but I think someone will come along and pay that bill. The rest of their debt, as CaleyD says, is loans given by people close to the club. What the club really needs to survive is for Yorkston to cut his losses and hand over control to the Lieshman syndicate or a buyer willing to take on the debt. If that doesnt happen then I believe they will die. Someone may start a new club in Dunfermline but it wont start as a Scottish league club. It wont be a newco. Instead I feel that if those owed monies decide to pursue their claim the grounds will be sold off. Probably to put a few new houses there.

 

Personally I think it would be very sad if Dunfermline FC disappears.

[Yngwie]

Yes they owe the taxman but I think someone will come along and pay that bill.

 

Maybe Barrowman tucked away 1 month's pay from his ICT days.......

[Scotty]

I hope they can work things out. have never had any issues with Dunfermline or their supporters.

[dougiedanger]

If Dunfermline Athletic go into liquidation there will be no newco as there is no seperation between club and business like at Oldco Rangers. But someone could buy up the assetts and start a new club based at East End Park but the history and honours of the old club would not be transferable.

 

I hope it doesn't have to come to this and the club can recover.

 

[WYNESS101]

8 players been told to leave the club...

Andy Barrowman
Paul Gallacher
Andy Kirk
Jo Cardle

these are some of the players been romoured to be leaving the pars

[+old caley girl]

Macmillan and Barrowman confirming on twitter they have been made redundant. Never nice to see folk losing their jobs.

[caleydawson]

it's a shame for those players, im sure they will find a club they are all good players

[Renegade]

Barrowflop isn't!

[WYNESS101]

A.Shinne OUT Jo Cardle IN

??

[+Naelifts]

Very sad indeed. Good luck.....I think you will need it. Dunfermline was always a good day out with the best pies in Scottish Football. Who is next I wonder?

[Laurence]

Very sad indeed. Good luck.....I think you will need it. Dunfermline was always a good day out with the best pies in Scottish Football.

 

Who is next I wonder?

 

Ask not for whom the bell tolls ?

 

It tollls for thee - John Donne