A leaked report has highlighted the sheer scale of the financial troubles facing Dunfermline Athletic as the Fife club contend with a staggering £12 million debt.
The Pars, who are now in administration, have been fighting to stay afloat ever since news of their off-the-field woes broke last autumn, but a document obtained by The Courier has now unearthed exactly who is owed what by the East End Park outfit.
The list of creditors stretches to five pages and single amounts owed range from the £295,000 due to former director Kip McBay to sums as small as £20 to local company Software Foundation Limited.
Efforts to buy the Pars are continuing and those behind the campaign are confident of giving the club a sustainable future, but documents drawn up ahead of a meeting of creditors later this month contain dozens of victims who have been hit financially by events at the club.
However, Bob Garmory, from the Pars United group trying to purchase the club, said the list would not detract from efforts to put the Pars on a sound footing.
“We’re very sorry for all of the local businesses that have suffered as a result of the demise of the club but our focus is still on buying the club from administrators,” he said.
“There are a lot of different people on the list and we’re very saddened that a quite a number of people have been affected by how the club has been run in the past.
“Many of the people involved with Pars United have their names on that list but they are continuing to strive to ensure the club exits administration.
“Hopefully, in the year ahead, we can act in the manner that is more befitting of a local sports club in terms of its relationship with local suppliers.”
According to those detailed by administrators BDO, eight separate football clubs are still owed money.
Preston North End top the list. They are still owed £20,679 after the Pars signed keeper Iain Turner while they were in the SPL, but there are a number of other clubs due cash.
Hearts are said to be owed £13,287 and Aberdeen are due £12,833, while the £5,895 and £4,121 owed to Hamilton and Cowdenbeath respectively are over unpaid shares of gate receipts.
The old Rangers, now of course in liquidation, were due £1,912 for an undisclosed reason, while Arbroath were owed £800 from the signing of midfielder Josh Falkingham.
English team Morpeth Town were also left £750 down from Callum Morris’ move north.
Agents including Stefano Salvatori and Ewan Smith, who negotiated the Falkingham deal, are also among the list of victims, each £1,000 out of pocket.
There are larger sums owed to former directors.
They include the likes of club legend Jim Leishman, who is due around £46,000, club sponsor Robert Purvis, said to be owed in the region of £100,000, and Ronnie Wemyes, who has been involved in talks to buy the club but is still awaiting nearly £37,000.
Around £5.8m is owed to East End Park Limited, the company which owns the club’s stadium, while almost £3m of associated company loans and loans from directors are also outstanding.
Her Majesty’s Revenue and Customs whose chasing of a tax bill preceded administration is due £161,000.
BDO hopes the club can exit administration by way of a successful company voluntary arrangement, which will offer creditors a pennies-in-the-pound deal.