0800 644 6080
Call FREE from Landline and Mobile
Est. 1989

Dunfermline Athletic Football Club Saved By Fans (Pars United)

Written by: Keith Tully

Published: 17th October 2013

FootballDunfermline Athletic F.C. has narrowly escaped administration by being bought out by its fans. 

Pars United, a local community group, has taken control of the collapsed football club after months of financial limbo.

Bob Garmory, the new chairman, said it was ‘momentous’ day and significant in the club’s history.

The announcement ends months of worrying for fans after the club became riddled with debt. Many feared that Dunfermline Athletic F.C. would be liquidated but Pars United have had their CVA offer accepted by creditors and the purchase has now been finalised.

The community group has also acquired East End Park, Dunfermline’s football stadium situated in Fife, which was also in administration with KPMG.

Mr Garmory added: “The last few months have been a painful and frustrating time for everyone connected with Dunfermline Athletic. However, we ask that all Pars Supporters and the wider West Fife community now look forward, not back, with a renewed sense of optimism and spirit.”

BDO partners Bryan Jackson and Robert Barclay were appointed joint administrators in March in an effort to rescue the struggling club.

Mr Jackson paid tribute to the supporters for saving the football club, saying: “I would like to congratulate the team at Pars United for their efforts over the last few months and wish them well for the future. I am very pleased that this historic club will live on following the successful completion of this process.”

A winding-up petition from HM Revenue & Customs was issued to the Scottish football club earlier this year over a £134,000 unpaid tax bill. They had 15 points deducted and were relegated to Scotland’s third tier.

The new interim board of directors now includes Bob Garmory, Ian Hunter, Kip McBay, Craig McWhirter, Margaret Ross and former manager Jim Leishman.

Dunfermline Athletic is not the only football club in the UK to be recently saved by its fans. Elsewhere, Portsmouth F.C. was sold to the Portsmouth Supporters Trust and Foundation of Hearts is lined up to rescue Heart of Midlothian F.C.

Is your business struggling with HMRC or debt problems? Get advice that you can trust with the experts at Real Business Rescue.

Contact us today for specialist help and check out our informative business guides for all the information you need on company liquidation options, pre-pack administrations and much more.

Keith Tully

Keith Tully

Join Keith Tully on Linked In Follow Keith Tully on Twitter

Keith has been involved in Business Rescue since 1992, during which time he’s worked for both independent and national firms. His specialties include company restructuring matters and negotiating with HMRC on his clients behalf.

Meet our Team of Experts
Director Support - Business suffering from Cash-Flow Problems?
If your company is financially distressed, we also offer the below services:
Business debt recovery

  • Recover Unpaid Invoices of £5k+
  • Expert Credit Control Services
  • Stop Late Payers & Bad Debts
Visit Site
Time to pay experts

  • Get Breathing Space with HMRC
  • Support with Business Tax Arrears
  • 35 Years HMRC Negotiation
Visit Site
UK Business Finance

  • Rejected for a CBILS Loan?
  • Get Emergency Business Funding
  • Supporting 1000+ UK Companies
Visit Site
Who we help
  • Company Directors
  • Finance Directors
  • Sole Traders
  • Accountants
  • Small Businesses
  • Large Businesses
  • Partnerships
Contact our team
Jonathan Munnery
Gillian Sayburn
Julie Palmer
or Find your Nearest Office

Here at Real Business Rescue we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Business Rescue Advice for Directors
Free Guide for Limited Company Directors
Business Rescue Advice for Directors
  • How to manage company cash flow problems
  • Advice on dealing with HMRC
  • Understanding rescue and closure options
  • And much more...
Free Guide Download
Dealing with your Insolvent Clients
Business Rescue Guide for Accountants
Dealing with your Insolvent Clients
  • Helping you advise insolvent clients
  • Spotting signs of client distress
  • Exploring business rescue options
  • And much more...
Free Guide Download
Our numbers speak for themselves
Number of UK Offices
Directors Helped
Licensed Insolvency Practitioners