Bob Garmory, of Pars United, says the fans' group is ready to submit a bid for Dunfermline and are hopeful a deal can be struck to take control at East End Park.
Pars administrator Bryan Jackson, of BDO, has set a deadline of tomorrow for offers for the Fife club. Those bids will then be presented to trade creditors at a meeting on Wednesday, with a 50% vote required to gain "preferred bidder" status.
Pars United or any other party which submits a successful offer – a mystery second bidder has been mooted – will then have just less than a month to raise the funds promised and present that to trade creditors at another meeting on July 12.
Of those creditors, 75% are required to formally accept the offer for the club to exit administration through a Creditors Voluntary Arrangement (CVA).
"We will certainly be ready," said Garmory. "We have been working tirelessly to be in a position to put forward an offer which would secure the club. We will do that on Tuesday.
"We have always known that we needed to put a number in swiftly, and we are acutely aware that Bryan Jackson will take that to the creditors and detail what it means. Hopefully, they are receptive to our bid.
"Bryan Jackson wants us to indicate that we will have the funds and that is understandable – he doesn't want to present something to the creditors and find out a few weeks down the line that we cannot meet the number we said. He wants proof and we are on track to do that."
Any potential takeover, however, is complicated by the fact that East End Park Ltd, the company which owns the stadium – and entirely separate from the football club – is also in administration, being overseen by KPMG.
Jackson and his KPMG counterpart, Blair Nimmo, are keen to sell both businesses in a "package" deal and, although the club is the priority, Pars United are attempting to factor the stadium into their offer.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article