Dunfermline owner Gavin Masterton has handed his shares in the club over to administrator Bryan Jackson in a move described as "essential" to the crisis-hit Pars' survival hopes.
The Scottish Football League will launch disciplinary proceedings against administration-hit Dunfermline tomorrow, chief executive David Longmuir has confirmed.
Fraser Wishart, the PFA Scotland chief executive, has called on Scottish football's governing bodies to implement rules which will stop "reckless" owners from killing clubs.
A solemn Joe Cardle departed from East End Park for the final time last night and described the shambles which has befallen the Fife club as "scary and unacceptable".