Club Statement

Following recent press reports, in addition to the SPFL’s statement of Thursday 25th January, I write to provide an update on the current position of the Club.

 

First and foremost I would like to acknowledge the decision of the SPFL’s disciplinary hearing, and apologise unreservedly to our players, management and supporters for the outcome. The Club accepts the tribunal’s verdict and I can confirm that no appeal will be forthcoming.

 

Since November, the Club has been under significant financial duress, which has been widely reported and speculated upon. For clarity, the Club had a winding up petition served on it by HMRC, which has now been dismissed, following our agreement with them in early January. We are grateful to HMRC for their cooperation and appreciate their willingness to work with the Club.

 

As regards the remuneration default, I would once again put on record my apologies to the players and staff affected by this. Significant progress has been made in this regard and we project to have all arrears satisfied before the end of the season. Financially, the Club is engaging positively with all creditors and suppliers, and we have a robust financial model that will see us complete this season, and allow us to prepare for 2024/25.

 

From a football-perspective, I acknowledge that our management team has gone above and beyond under the most challenging of circumstances. We are now in the position that we can build towards next season.

 

To close, I would like to thank and apologise to our fans, who have been through the mill over these last few months. The club is forever grateful for all the kind messages and financial contributions that have been made, and we now must ensure that the club reaches its target of sustainability moving forward. Running a football team is a challenge, but we are committed to achieving true sustainability as we complete this season and look forward to next.

 

Yours in Sport,

 

John Dickson 

Chairman