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Dunfermline avoid liquidation after CVA agreed

By Craig Smith, 30 July 2013 1.07pm.

Dunfermline Athletic’s future has been secured after creditors voted in favour of a CVA.

Creditors meeting at East End Park voted overwhelmingly in favour of fans group Pars United’s plans to take the club forward on Tuesday, staving off the prospect of liquidation.

The group are now expected to take full control of the club and stadium over the next few weeks as the process of exiting administration progresses.

Bryan Jackson, administrator with BDO, commented: “Obviously this is a great result for the club and for the supporters who have campaigned tirelessly over the last few months to save the club.

“I have to thank the fans, the manager, team and staff at the club as well as the wider Dunfermline community who have made this day happen.”

There is a 28 day period when creditors can appeal, but Jackson is hopeful the deal will go through.

For more on this story pick up Wednesday's Courier or try our digital edtion.

 

Kajafagortwo More than 1 year ago
Bryan Jackson knows his job, Lucky for the fifers.