Angelo Massone, the Livingston chairman, has given Donald McGruther, the interim manager, no indication that he is ready to change his mind and transfer his majority shareholding by today’s noon deadline, writes The Herald.
McGruther, who has been appointed to take over the running of the club by the courts due to debts estimated to be in the region of £1.3m, has warned he will have no option but to initiate liquidation proceedings if Massone does not accept the token fee of £25,000 for his controlling interest.
Gordon McDougall, the former Cowdenbeath chairman, is ready to put together a rescue package in conjunction with the Livi for Life Supporters Trust but Massone must first sign over his stake, something he has said he is not willing to do.
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