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Page last updated at 16:44 GMT, Friday, 8 October 2010 17:44 UK

Administrator appointed by Dundee

Dens Park, home of Dundee FC
Dundee are to go into administration for the second time this decade

By Jim Spence

Dundee are to go into administration for the second time in seven years after failing to negotiate a deal over an outstanding tax bill of £365,000.

PKF has confirmed that the accountancy company has been appointed as administrator for the First Division football club.

The formal process is likely to take place on Wednesday or Thursday.

Redundancies are certain to follow and the club could receive a punitive points deduction.

"The directors of Dundee FC have today decided that their only option is to place the club into administration," said the club in a statement.

Until the administration is effective, all staff will remain in post and the club will continue to operate normally

Dundee Football Club statement

"The administration appointment is expected to take effect from the middle of next week and the directors have approached Bryan Jackson, of accountants PKF, to consider being appointed administrator.

"The directors have taken this decision with considerable regret but believe that they have no other choice in the current circumstances.

"Until the administration is effective, all staff will remain in post and the club will continue to operate normally."

Players and staff received half wages on Wednesday after a delay in payment and it has now emerged that debts could be as high as £1.5m, although much of that appears to be to current directors.

And assistant manager Billy Dodds told BBC Scotland: "As a management team, players and other staff, we are all in the dark.

"It has been tiring and there has to be some conclusion. If it helps save the club, so be it, but it does not deflect from how hard it is going to be for everybody at the club."

The Dens Park club had hoped to make a one-off payment to Her Majesty's Revenue and Customs and arrange a settlement plan for the remaining debt.

Investor Calum Melville had pledged to fund such a move and his spokesman told BBC Scotland on Wednesday that the businessman had lodged £200,000 with the club's solicitors to aid the talks with the tax authorities and help with the payment of wages.

However, with Melville, the club's main benefactor, recently offering to resign his position from the board and ongoing concerns over mounting debts, the club has decided to move into administration in an attempt to secure their future.



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see also
Dundee director bullish on future
27 Sep 10 |  Dundee
Dundee contemplate Melville role
23 Sep 10 |  Dundee
Melville continues Dundee backing
20 Aug 10 |  Dundee
Dundee fans voice financial fears
28 May 10 |  Dundee
Melville eyes a debt-free Dundee
04 Jun 09 |  Dundee


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