Scottish League One membership Dumbarton FC reportedly ‘enter administration and go backside of the desk with a 15 level deduction’.
Considered one of Scotland’s oldest soccer golf equipment have been dealing with ongoing monetary troubles with considerations rising over its long-term future.
Directors stated the membership’s administrators “had been left with no choice” after failing to obtain cash owed from the sale of improvement land in 2021.
‘The Sons’, who’ve been champions of Scotland twice of their 152-year historical past, now face a 15 factors deduction, like fellow third-tier aspect Inverness Caledonian Thistle did after going into administration earlier this season.
Dumbarton look drop to zero factors and fall 4 behind Inverness.
Glasgow-based monetary advisors Quantuma are appointed as directors after a non-public particular person needed to step in to pay wages on the membership, in line with STV Information.
Dumbarton have now launched an announcement on social media after stories emerged, they stated: “We need to acknowledge the stories shared on various media retailers tonight and perceive it’s not the information that folks wished.
“A press release will comply with tomorrow.”
The information that Dumbarton have went into administration is gutting.
Unhappy occasions for the Sons of the Rock.
Treading water and preventing rumours like this for the previous few years, however their homeowners have consistently made guarantees they haven’t delivered.
Our ideas exit to the followers. pic.twitter.com/GJUwONbGro
— Soccer Heritage (@_footyheritage) November 19, 2024
Kieran Maguire: “Dumbarton set to enter administration which is able to set off a factors deduction. But the steadiness sheet at first look seems to be sturdy, which reveals that trying within the rear view mirror (accounts ready to 31 Could 2023) can nonetheless lead to a crash.”
Quantuma appointed as directors of Dumbarton Soccer Membership
Ian Wright and Craig Morrison, managing administrators at enterprise advisory agency Quantuma, had been appointed joint directors of The Dumbarton Soccer Membership Restricted (Dumbarton FC) on 18 November 2024. Dumbarton FC compete in tier 3 of the Scottish Skilled Soccer League, William Hill League One and are one of many oldest soccer golf equipment in Scotland.
Ian Wright, Quantuma managing director and joint administrator stated:
“Craig Morrison and I had been appointed joint directors of Dumbarton FC on 18 November 2024. The administrators of the membership had been left with no choice apart from to nominate directors, following the non-receipt of great funds that had been owed to the membership from the sale of improvement land in 2021.
As directors, we can be investigating the circumstances surrounding this transaction and different points affecting the membership, however won’t be able to remark additional at the moment. Our fast precedence is to make sure the membership can full its fixtures and we can be assembly with key stakeholders to make sure this may be achieved.
We perceive this can be a shock to followers, workers and the area people.
The membership employs 18 enjoying workers, six soccer workers and three membership workers whose roles are safe while we work by the early phases of assessing the choices out there to the membership. We’d invite any events to come back ahead.”
Sons Supporters Belief Assertion
The Sons Supporters Belief is saddened however not shocked by at present’s developments at Dumbarton Soccer Membership.
For a while it has been evident that the membership has been working below straitened circumstances, and while the appointment of an Administrator is a really critical enterprise, it’s to be hoped that an finish can now be delivered to each the membership’s opaque possession mannequin and the Boardroom tensions which have characterised affairs at Dumbarton FC because the buy of the bulk shareholding by Cognitive Capital Restricted in April 2021.
It’s our opinion that the native Administrators have reached a courageous and smart choice.
Moreover, the Belief would hope that any authorized due diligence related to the Administration course of would embody the provenance and element of the funding preparations for that buy, additionally the suspected switch of a portion of land beforehand belonging to the soccer membership to a shell housing improvement firm created by Cognitive Capital Restricted, finished with out both the information or approval of the Dumbarton FC Board of Administrators in place at the moment.
We’re additionally acutely conscious that there’s a very human side to at present’s announcement with a threat to folks’s livelihoods, and that may be a matter for deep remorse.
Dumbarton Soccer Membership was based in December 1872 and not too long ago celebrated its one hundred and fiftieth anniversary.
Nonetheless, for nearly twenty years now the controlling curiosity within the membership has resided with events whose principal goal has been to make use of Dumbarton FC as a car to allow housing improvement on the membership’s iconic web site at Dumbarton Rock.
Right now’s announcement marks the continued failure of that endeavour.
The Sonstrust believes that there stays appreciable potential for neighborhood profit in re-energising Scotland’s fifth-oldest soccer membership by an possession mannequin which firmly locations soccer as its core exercise, and we stand able to work with the Administrator and any third events who will help realise that goal.
The Chairman and Board of the Sons Supporters Belief
Right here’s how followers reacted on Twitter with the Scottish League One membership to ‘enter administration and go backside of desk with 15 level deduction’…
@NuBzHearts: Inverness and now Dumbarton. That is the start of the top for Scottish soccer except huge modifications are made
@pieandbov: Very unhappy to see one other SPFL membership getting into administration, notably one of many founding members of the Scottish Soccer League. Hopefully the Sons will discover their manner out of this. From a direct sporting standpoint this implies a direct 15 level deduction that can place them backside of League 1 with zero factors.
@Nareystoepoker: Hopefully there are few redundancies. Grim stuff
@Sawers_1: Dumbarton going bust now grim.
@Caseyghirl: Saddened to listen to the information of pending administration for Dumbarton FC, genuinely hope this isn’t the case. Fingers assist up, I’m a part of the issue…staff on my doorstep and I journey to observe one of many huge groups
@wayne_0405: I hope Dumbarton can kind themselves out, actually good away day with the bowling membership throughout/down the highway
@JamesHosie11: Deducting factors from golf equipment getting into administration is past evil. What ought to occur as an alternative is the folks accountable being given bans from collaborating in soccer indefinitely.
@SFitbaws: Feels like @Dumbartonfc are going into admin tomorrow which is an actual disgrace. Unlikely to have many redundancy’s because the workers and squad is small already however not what we went to see.
@garyredhead96: Unhappy to see this, there’s plenty of good soccer folks at Dumbarton, hopefully the top result’s one thing optimistic for everybody concerned, and the membership can transfer ahead
@HowdenenderLiz: Very sorry to listen to that, as a caley supporter completely perceive how horrible the entire course of may be for workers and supporters. Let’s hope you may be saved. You will have an incredible arrange and I actually loved my go to earlier this season.
@StephenWattPoet: Completely heartbreaking however could be the very motion which saves the membership ultimately. Time will inform
@craig_ste247: Fucking shambles
@jk1963_keenan: Been there. Not humorous!
@aaronc8362: Horrible man. Hopefully we will get out this mess and are available out this long run in a safer and stronger place
Only a stunning place! Wishing @Dumbartonfc nothing however the perfect. pic.twitter.com/YlxbfyIZOf
— Ben Saunders (@BSaundersSport) November 19, 2024
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