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.
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