BusinessBusiness RecoveryPKF administrator called into Dundee FC

PKF administrator called into Dundee FC

Bryan Jackson is appointed administrator of Scottish football club Dundee FC

Administrator Bryan Jackson from PKF has been appointed to Dundee Football Club.

Dundee FC chief executive Harry MacLean said administration was its only ” chance of survival”.

He has worked on three football insolvencies in the past; Clydebank Football Limited, Motherwell Football & Athletic Club Limited, and Clyde Football Club Limited. He was recently appointed administrator of the Gadget Shop, and conducted a review of the finances and operations of the Scottish Football League.

Jackson, corporate recovery partner at PKF, said: “I shall be in a series of meetings with all of those involved with the club to inform them of the current situation and what is likely to happen in the coming weeks.”

MacLean added he was in discussions with Jackson to keep the cost of the administration down and help the administrator.

The club has various outstanding debts including a £365,000 tax bill, the Scottish Courier reports.

In September the club confirmed monthly salary payments were delayed due to ongoing discussions between the club’s financial advisers and key stakeholders.

Further reading:

Dundee FC lines up PKF partner for

UHY called to help fight football creditor rule

Administrator confirms Crystal Palace’s exit from administration

Related Articles

R3 calls for creditor 'breathing space' to help turn companies around

Accounting Standards R3 calls for creditor 'breathing space' to help turn companies around

2y Chris Warmoll, Writer
R3 cautiously welcomes advent of simpler bankruptcy regime

Business Recovery R3 cautiously welcomes advent of simpler bankruptcy regime

2y Chris Warmoll, Writer
Bolton settle unpaid tax bill with HMRC

Business Recovery Bolton settle unpaid tax bill with HMRC

2y Calum Fuller, Reporter
Bolton Wanderers secures new ownership deal as HMRC tax battle continues

Business Recovery Bolton Wanderers secures new ownership deal as HMRC tax battle continues

2y Chris Warmoll, Writer
Bolton secures extra time to defend itself from HMRC

Business Recovery Bolton secures extra time to defend itself from HMRC

2y Chris Warmoll, Writer
High Court grants Bolton Wanderers two week stay of execution

Business Recovery High Court grants Bolton Wanderers two week stay of execution

2y Chris Warmoll, Writer
Bolton Wanderers win extra-time to avoid HMRC winding up penalty

Business Recovery Bolton Wanderers win extra-time to avoid HMRC winding up penalty

2y Chris Warmoll, Writer
Taking Stock: Spotting accounting flaws is child’s play

Audit Taking Stock: Spotting accounting flaws is child’s play

2y Taking Stock