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Tuesday, 9 July, 2002, 17:09 GMT 18:09 UK
Airdrie buy Bankies
The Bankies will now cease to exist
The Bankies have been bought out by Airdrie United
Airdrie United chairman Jim Ballantyne has been successful in his bid to buy out Clydebank.

The newly-formed Airdrie United had already been given the go-ahead by the Scottish Football League to take over the doomed Second Division Club.

The United Clydebank Supporters lodged an 11th hour rival offer in the hope of saving the club's name.

But Bryan Jackson, corporate recovery partner of administrators PKF, said the decision to accept Ballantyne's offer was simply because they were the highest bidders.

He said: "I received two offers, the highest one being from Airdrie Football Club Limited.

"As Nominee of Clydebank FC Limited, my primary duty is to the creditors and, accordingly, having taken legal advice, I accepted the highest offer received.

"I sympathise that the Clydebank-based bid was unsuccessful, but unfortunately there was going to have to be one loser.

The United Clydebank Supporters are due to meet on Thursday to discuss 'the future' of the club and Jackson was quick to praise their support.

"I would like to publicly record my appreciation to David Munro of the United Clydebank Supporters, who has assisted me in keeping the club alive in the last 20 months.

"I regret that his efforts have been unsuccessful in retaining Clydebank as is, but I was obliged to accept the highest offer."

Clydebank player-boss Kenny Brannigan
Airdrie want Kenny Brannigan as coach
Airdrie United will now take Clydebank's place in the Second Division at the start of the coming season and play at Excelsior Stadium in Airdrie.

The stadium is now vacant after the liquidation of First Division club Airdrieonians.

The new club say that they would employ Clydebank player-boss Kenny Brannigan as a player-coach.

Former Clydebank general manager Mick Oliver was the man spearheading the hunt for the cash and Clydebank supporters remained hopeful that his bid to prevent a takeover would prevail.

Sadly, it was not to be and Clydebank will now join Third Lanark and, more recently Airdrieonians, in the obituary pages of Scottish football history.


A tale of woe

AUDIOVIDEO
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