CASH-strapped Ayr United yesterday said it was more likely it would reach an agreement with its creditors following a (pounds) 100,000 injection of cash from sources including four directors of the football club.

The Somerset Park club, which revealed a week ago it was threatened by financial collapse, has received (pounds) 20,000 from each of four directors, while the Honest Men Trust, represented on the board by John Dalton, has pledged to raise another (pounds) 20,000 to retain the club's Skillseekers programme which hones the talent of up and coming players.

The money is intended to help the club keep hold of players while talks on its future take place. The second-division club may be forced to go into bankruptcy unless it is granted relief from six-figure debts.

Ayr United's board is seeking approval for a creditors' voluntary arrangement (CVA), under which creditors, including former manager Campbell Money, would accept an undisclosed proportion of what they are owed.

Club chairman David Capperauld is already in talks with local businesses in a bid to raise more cash.

Capperauld said: ''We received a boost at the weekend by winning 2-0 over Morton, and at the end of the day we are a football club and are currently involved in doing everything we possibly can to protect the players and their jobs.''

Ayr parted company with Money along with coach Norrie McWhirter last week as part of the cost-cutting exercise the club is facing up to.

A new part-time management team comprising Mark Shanks, Robert Reilly, Robert Connor and Jim Dempsey took charge of the team against Morton.

The Ayrshire club has hit the rocks less than a year after construction giant Barr Holdings sold its majority 77% shareholding to the current chairman Donald Cameron, ending Bill Barr's lengthy spell at the helm.

While Barr was bankrolling the Ayrshire club in the first division, Ayr made one League Cup final and two Scottish Cup semi-finals.