Glazers To Sell 8 Million ManU Shares DGV Interested In Hosting '22 Ryder Cup Official Calls For Disbandment Of NLB Argentine FA President Grondona Dies Tokyo Governor Defends Venue Relocation WME-IMG Hires Chris Liddell As New CFO ARD, ZDF Considering TdF Comeback ONE World Sports To Air CHL In The U.S. Odey Rejects BSkyB Offer For German Sky Executive Transactions
SBD Global/March 14, 2013/FranchisesPrint All
Scottish First Division Dunfermline legend Jim Leishman "insists the club is not interested in following Rangers and starting as a newco," according to Darren Johnstone of the SCOTSMAN. The club, amid "severe cashflow problems that have led to crippling wages issues for players and staff dating back to October," face a race against time to survive with U.K. tax authority HMRC initiating winding-up proceedings over an unpaid £134,000 ($200,000) bill. Leishman, who is heading a Steering Group charged with trying to safeguard the club’s future, said, “During all the conversations that I have been having, nobody is wanting liquidation. It’s how we get to the point where we can certainly avoid that. None of the Steering Group or The Pars Community [a fans group wanting to take over the club] want liquidation. Accountant Stephen Taylor, who is also part of the working party, said, “Liquidation is not going to benefit anyone, so we have to try and find a pathway through this." Talks are set to continue this week between Owner Gavin Masterton and The Pars Community in the hope of reaching a takeover compromise (SCOTSMAN, 3/13).