Dunfermline Fans Group Named ‘Preferred Bidder’ To Buy Club
Mon 8th Jul 2013 | Clubs Ownership
Dunfermline Athletic fans have welcomed the news that they have been named as the preferred bidder to buy their club and its ground.
Pars United, who were formed to represent supporters efforts to purchase Dunfermline Athletic Football Club (DAFC), received confirmation from DAFC Limited’s administrators BDO and East End Park Limited’s administrators KPMG.
Bob Garmory from Pars United said: “Pars United welcome the tremendous news that its bids for DAFC and East End Park have received ’Preferred Bidder’ status.
“It cannot be understated what a monumental effort the Pars fans have undertaken to get to this stage.
“Financial backing for the club has been relentless since we were placed in administration; in the first instance to ensure that the club didn’t fall immediately into liquidation, then to provide vital income to ensure that the club continued to trade and complete last season and, now, continuing to raise funds to ensure that if we make it over the line and become owners of the club it is in the strongest possible financial position.
“We are very hopeful that the forthcoming meeting of DAFC creditors will now vote in favour of the CVA (Company Voluntary Arrangement) which will be put to them very shortly. This will allow Dunfermline Athletic to begin a re-building process under a wide spread of supporter ownership.
“There is still, however, a tremendous amount of work to be done in the short, medium and long terms. We are confident that, now that there is greater clarity about the future ownership of club and ground, the supporters will step forward in ever greater numbers.
“It is now absolutely crucial that further capital is raised to “Buy the Pars” and to provide the level of working capital required to ensure the club’s continued survival.
“We are acutely aware that a great many Pars fans have already contributed generously towards ’Saving The Pars’, despite the fact that times are tough at present for many families, but we urge all Pars supporters and potential Patrons, who have not already done so, to come forward, as soon as possible.
“With the help of the people of Dunfermline and people who have Dunfermline at heart we intend to re-build a sustainable football club based on supporter ownership, transparency and accountability.”
Margaret Ross, Chairman of the Pars Supporters’ Trust said “The whole ‘BuyThePars’ campaign has been about securing our club for future generations of Pars fans. Receiving ‘preferred bidder’ status is a tremendous achievement and is a wonderful indication of the hard work put in by all Pars fans to prevent our club from being lost. We know too that the hard work cannot stop now, nor can the fundraising.
“We need to ensure that the club is in the strongest possible position going forward and that means fans continuing to buy season tickets and, where they can, buying into the ‘BuyThePars’ campaign. The fans have been absolutely marvellous throughout this difficult period, and I have no doubt that they will continue to support us in the future”
Posted by: Aaron Gourley
To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.
If you have any football business related news stories you’d like to share then please contact us – firstname.lastname@example.org
Thu 23rd Mar 2017 | Clubs Ownership
Portsmouth Football Club has confirmed it’s in talks regarding a potential takeover. In a statement released by the club, they said: “Portsmouth Community Football Club would like to...
Thu 5th Jan 2017 | Clubs Ownership
Specialist Sports Law Team at Walker Morris reinforces its national reputation for football club acquisitions/sales with the latest sale of Leeds United FC. Specialist sports lawyers at Walker Morris...
Wed 4th Jan 2017 | Clubs Ownership
Aser Group Holding has completed its investment in Leeds United Football Club today. Leeds United Football Club has confirmed Aser Group Holding, through its acquisition vehicle Greenfield Investment...