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Page last updated at 23:38 GMT, Wednesday, 3 September 2008 00:38 UK

Stranraer facing money problems

Stranraer

Stranraer vice chairman Sean Niven has admitted that the club is in financial difficulty and steps are being taken to prevent it going out of business.

Speaking to BBC Scotland, he agreed with the assessment of rising debts at the club reaching up to 250,000.

Niven also admitted that tensions had developed between the board and club manager Derek Ferguson over transfers.

"We need to make difficult decisions and we need to reduce the living costs, so it's tough and painful," said Niven.

Niven was quick to stress that the club are not imminently in danger of going out of business as has been widely suggested in the local media.

He pointed out that the club have realised their financial limitations and will look at the possibility of selling shares or recruiting the local community in fundraising.

"Mistakes have been made at the club, and we have overstretched our budget capabilities and on realising that and trying to pull things back a bit - although at a late stage - we hope it can avert any lasting damage," said Niven.

"It's down to poor communication and poor decision-making."

However, Niven would not be drawn on the growing rift between Ferguson and the board, or whether Ferguson would be likely to remain as manager in the short or long-term.

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