The coalition of Dunfermline supporters, Pars United, will work with the club's administrator, Bryan Jackson, to try to pull together a Company Voluntary Arrangement proposal for the creditors by early July.
That gives the fans only eight weeks to raise the money to fund the offer, which will require 75% support from those owed money by the Fife club. Although there were rumours of a consortium involving investors from Italy being interested, only the Dunfermline supporters are currently considered viable and credible bidders for the club. Pars United intend to continue their fundraising initiatives, but there remain several complications to beginning the process of exiting administration during July.
Pars United will rely on funding from individuals, local groups and from the Pars Supporters Trust. However, the proposal is likely to be based upon an agreement to use East End Park, or preferably ownership of the stadium, since it is a valuable community resource and earns money for the club. It is currently owned by East End Park Ltd, which is controlled by Gavin Masterton, the club's former owner. It is expected that East End Park Ltd will go into administration as a consequence of the club suffering the same fate, but until that happens Masterton will remain in control of the ground.
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