VSI
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Dundee exit administration

Fri 13th May 2011 | Football Club Administration

Dundee Football Club announced yesterday that the club has formally exited administration after the relevant paperwork was lodged at the Court of Session in Edinburgh.

The club’s exit means that Bryan Jackson of corporate recovery firm PKF will no longer have responsibility for the running of the club.

Control of day-to-day affairs will now pass to the new club board comprising Chairman Stuart Murphy, Chief Executive Harry MacLean, and directors Jim Thomson, Mark Gallacher, Steve Martin, Scott Glenday and Maurice Kidd when they are formally appointed on Friday.  

Dundee’s new board consists of representatives of the Dundee FC Supporters’ Society and Dark Blues Business Trust as well as executive directors and a new financial director.

Chief Executive, Harry MacLean was quick to point out that the club has only been able to survive the ravages of administration because of the togetherness shown by everyone with the best interests of the club at heart.

“The outstanding support from the fans, DFCSS, DBBT, external investment and Club activities has meant we have been able to survive the past seven months, pass a CVA and get to the stage where we can take control once again and look to a sustainable future,” he said in a statement on the club’s website..

“The administration period has been painful for everyone connected with the club and we can never forget that people lost jobs and money as a result of what happened. We cannot change the past, however, and we must now look to the future and begin a new chapter in the history of Dundee FC.

“We would not have had any kind of future to look forward to without the magnificent efforts of the players, staff, management and fans and we thank everyone who helped us get to here. We will do all we can to support Barry Smith in his efforts to build a team to be proud of but are acutely aware that the future of the club can never be jeopardised again.

“Sustainability and transparency may not be the most exciting words in the footballing vocabulary but they will be at the heart of this club from now on. What is clear from all of the discussions that we have had is that we cannot simply copy what has gone on at other clubs but that we need to write a new way of doing things with the help of the whole community.

“Thanks once again to everyone who helped make this possible. Over the past seven months we’ve shown what can be achieved through togetherness and if everyone continues to display this kind of spirit then Dundee can not only survive but also prosper in the longer term.”

Stuart Murphy, the new chairman and a DFCSS representative, said, "Obviously we are delighted to be looking to the future and, on this day, want to thank the fans who raised a huge sum of money to help make this possible.

“Without the efforts of the ordinary man in the street we would not be in this position today. We've come a long way since those dark days back in October and are now looking to an exciting new era with players, fans, staff, businesses and the wider community continuing to pull together. On behalf of the DFCSS I would like to thank everyone for their unstinting support throughout that dark period.
 
“We can't change what has gone before but it will for evermore serve as a sobering reminder of the huge responsibility this new management structure has in protecting the long term future of the football club. The people have provided a platform for us to consolidate that future and we owe it to them to ensure that's exactly what happens. The bond between supporter and club has never been stronger and we can build on that as we establish ourselves as a true Community Club for generations to come with innovative ways of partnership working.”

Steve Martin, DBBT representative on the board, added, "This is excellent news for Dundee supporters everywhere and we're really excited to be working with everyone at the club and DFCSS as we move on. Everyone connected with Dundee has worked miracles to save the club and should be rightly proud of themselves today."

---------------------------------------------------------------------------------------------------

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE F.C. BUSINESS RSS FEED

 

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Bolton Wanderers Sell Training Ground To Wigan

Fri 19th Feb 2016 | Football Club Administration

Bolton Wanderers have today confirmed the sale of its Euxton training ground to ‘another North West football club’. The Championship club have debts totalling £172.9m and are...

Northampton Town Application For Administration Withdrawn

Fri 11th Dec 2015 | Football Club Administration

Northampton Town Football Club has confirmed that the application for administration has been officially withdrawn. Legal agreements had been reached this week between the club and Northampton Borough...

HMRC Hands Bolton Wanderers Winding Up Petition

Thu 10th Dec 2015 | Football Club Administration

Bolton Wanderers have been handed a winding up petition by HMRC it’s been confirmed. The club, who are currently bottom of the SkyBet Championship, have debts of over £170m and have failed...

HMRC Withdraw Cobblers Winding Up Petition

Mon 30th Nov 2015 | Football Club Administration

The winding up petition against Northampton Town FC has been withdraw it’s been confirmed. The SkyBet League 2 side has confirmed that the HMRC winding up petition has been officially withdrawn...