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SBD Global/January 23, 2013/Franchises

Scottish Premier League's Kilmarnock FC Has To Settle $23K Debt To Avoid Liquidation

Scottish Premier League Kilmarnock Chair Michael Johnston "played down fears about the club's future after denying a winding up petition could be on its way to the club," according to Hugh Keevins of the Scotland DAILY RECORD. Kilmarnock has until Tuesday to settle a £15,000 ($23,800) debt or "face the threat of a winding up order, which could put the club into liquidation." But Craig Stevenson, the Kilmarnock-based food wholesaler who is after the money owed to his firm, Monday night denied that he "was involved in a personal battle" with Johnston. Stevenson said: "I’m not a football fan, and Kilmarnock FC is just another customer to me. Michael says £15,000 is not a lot of money, but it’s my money and I want it paid" (DAILY RECORD, 1/22). The SCOTSMAN reported Glasgow firm MacRoberts Debt Recovery "confirmed on Monday that sheriff officers would serve the club with a winding-up petition if the club," which is in the red to the tune of nearly £10M ($16M), "failed to settle the debt with Stevenson" (SCOTSMAN, 1/22).
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