Bankies: Extinction looms

Clydebank players face an uncertain future

Struggling Clydebank FC could be out of business within a week.

The Bankies are currently being run by administrator Brian Jackson, but he says he will walk away from the club if a solution cannot be found in the next seven days.

No compromise could be reached on a takeover deal at Thursday's meeting of the club's creditors, the Scottish Football League and the players' union.

If the administrator does resign, owner and major creditor John Hall would have to decide whether to put the club into liquidation.

Everybody said they did not want to see the demise of the club but their actions have not backed that up

  Administrator Brian Jackson

Jackson told the meeting he had no more funds to re-sign out-of-contract players.

There is now a severe doubt over the club's ability to fulfil Saturday's league match against Berwick Rangers.

Officials hope the game will fall victim to the weather so they will not have to seek a postponement from the league.

Six-figure debts

Mr Jackson said: "I have given the creditors a final chance to reconsider and have given them until Tuesday.

"If they do not, then I will resign and the club will most likely be wound up.

"We were very close to an agreement, that's the aggravating thing.

"Everybody said they did not want to see the demise of the club but their actions have not backed that up."

Hall is thought to be owed about £600,000 while former owner Jack Steedman is due in the region of £120,000.

David Low, a consultant to the club, announced that Hall is willing to write off £200,000 of the club's debt.

He is also prepared to bring two Clydebank supporters onto the board of the holding company if it will facilitate a deal.

Glasgow businessman David McGie wants to buy the club but cannot agree terms with the two main creditors.