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Dunfermline say finances back on track after striking deal with Rangers’ administrators

A view of Ibrox Stadium, Glasgow.
A view of Ibrox Stadium, Glasgow.

Dunfermline are set to receive the £84,000 owed to them by Rangers for ticket money.

The Pars were forced to delay paying their players their full salaries last week because of a cash shortfall caused in part by the missing money from their clash with the fallen Glasgow giants at East End Park on February 11.

Now, Dunfermline expect to have paid 100% of salaries due to players and staff by today after receiving the first of two instalments from Rangers’ administrators.

A relieved Pars chairman John Yorkston said: ”It has been agreed that we will get the money over a certain period. We have spoken to the administrators and come to a suitable arrangement. It’s not ideal but at least it is a solution.

”It’s acceptable for Dunfermline and from a Rangers point of view they will not face any other sanctions by the SPL as a result of what has been a most unfortunate situation which we at Dunfermline could do nothing about.

”It is a relief that we will be getting paid the money we are due. Obviously, it’s a big part of our cash flow and worst scenario is that we might not have got anything. At least we will now be getting paid.

”When we did not get the cash we were due from the Rangers game it meant we could not pay all of the players’ wages in full, which was out of our hands.”

Dunfermline chief executive Bill Hodgins insisted finances are now back on track following the deal struck with the Ibrox administrators.

Hodgins said: ”We came to an agreement for a staggered payment schedule with the administrators and the first instalment was received into our bank account on Monday afternoon. We were happy to accept that agreement with the administrators and hopefully it helps to make their life a wee bit easier as well.

”I don’t want to talk about amounts all I will say is that the other instalment is due in early April and we are happy with that.

”Since receiving the money, we have been in the process of bringing the rest of the salaries up to date and, depending on bank transfers and so on, everybody should get 100% by close of business on Tuesday.

”The players have been magnificent through this. When I went down to the training ground to speak to them last week they were very supportive and I’m sure they will be happy to be getting all their money ahead of the expected date.”

Hodgins added: ”As Jim Leishman said last week, there were a combination of factors involved (in non-payment of wages). We lost a lot of money with the postponement of the Kilmarnock game and we paid out a considerable sum in repairs for the stands that were storm-damaged.

”That is money we will eventually get back in the next couple of weeks from our insurance company but had to be paid by us in the meantime.”