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Page last updated at 09:18 GMT, Friday, 15 October 2010 10:18 UK

Dundee sale possible, says Dave MacKinnon

Former Dundee chief executive Dave MacKinnon
MacKinnon left his post at Dens Park in 2008

Former chief executive Dave MacKinnon has revealed that there could be a possible buyer for troubled Dundee.

The Dens Park club have gone into administration for the second time in seven years.

"I was approached a couple of months ago by people who were maybe interested in taking over because they didn't like what was going on," said MacKinnon.

"They key is the debt level, because if it's totally out of hand, then you need deep pockets to sustain a club."

The First Division outfit are due a tax bill of £365,000, but are also thought to have total debts of around £2m.

The administrator, Bryan Jackson, will announce redundancies at the club on Friday and further cost-cutting exercises will need to be implemented.

Fresh investment will needed but MacKinnon warned that the party he has spoken to had two conditions regarding any possible sale.

"Two things have to happen," he continued on BBC Radio Scotland. "The debt level has to be at a level that can work within a business plan - and no one has come out and said what the debt is.

"Secondly, that they are able to purchase back the ground from John Bennett."

I feel very saddened for the supporters because they can't have done any more for the club

Dave MacKinnon

MacKinnon was tasked with reducing costs at Dens Park in 2006 after the club were relegated from the Scottish Premier League.

"The plan we had in 2006 was not to spend any money we didn't have because we had to be self-sustainable," he explained.

"It was very difficult because the aspiration of the club was to get back to the SPL."

MacKinnon left the Tayside club in 2008 and admitted the news of his former employers' plight came as a shock.

"It's a real concern that the club has gone into administration for a second time," he said.

"I feel very saddened for the supporters because they can't have done any more for the club.

"They have turned out in numbers, they collected a lot of money the first time the club went into administration. And they believed the club was in safe hands.

"When I found out about the situation a couple of weeks ago, it was a complete surprise."

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see also
Dundee future 'hangs in balance'
15 Oct 10 |  Dundee
Axed Dundee players seek clarity
15 Oct 10 |  Dundee
Administrator appointed by Dundee
08 Oct 10 |  Dundee
Dundee director bullish on future
27 Sep 10 |  Dundee


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