Hangin' With ... Richard Wright Berlin, Glasgow To Host New Event In '18 Nike Signs Gatlin To Sponsorship Deal EPL Clubs Score First Profit Since 1999 Executive Transactions EPL To Share $1.5B Of $7.5B TV Deal Close To 10M Watch Friendly Match Bundesliga Limits Multi Investments EPL Fans To Protest Over Ticket Prices ICC CEO Says Team Increase Unlikely
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).