Mexican Clubs Against Multi-Ownership Man City, Yankees Partner On MLS Team Man City Confirms Nike Kit Deal Hertha To Increase Spending To $87.7M Pune Warriors Withdraw From IPL Grupo Petrópolis, Pernambuco Partner Cricket Australia Gives Women Pay Bump EPL Attendance Up 4% Argentine Clubs Against Schedule Change Mourinho Criticized By Media, Fans
SBD Global/March 14, 2013/Franchises
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Scottish Side Dunfermline Legend Jim Leishman Says Club Aiming To Avoid Newco
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).




