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Archive for the ‘Club Finances’ Category

Deal agreed to save Livingston

July 31, 2009

Livingston were hauled back from the brink of extinction yesterday when the Scottish Football League approved a deal which will allow the debt-ridden club to survive. The First Division side looked doomed after Angelo Massone, their chairman, refused to walk away for the £25,000 offered him by interim manager Donald McGruther, of administrator Mazars. McGruther, […]

Livi liquidation process begins

July 29, 2009

Livingston’s administrator has started making redundancies after owner Angelo Massone rejected an offer to sell his shares to prevent liquidation, writes BBC Scotland. Massone had earlier told BBC Scotland that he did not believe that Donald McGruther would carry out his threat. But McGruther said: “I am really saddened because obviously the message of the […]

No response from Massone as deadline looms

July 29, 2009

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 […]

Livi given 48 hours to survive

July 27, 2009

Livingston will go into liquidation unless present owner Angelo Massone sells his shares in the Division One club by Wednesday for just £25,000, writes the BBC. Interim manager Donald McGruther, from administrator Mazars, was appointed on Friday by the Court of Session. And he said on Monday that the football club was “hopelessly insolvent, without […]

Fans urge Massone to go

July 27, 2009

THE Livi for Life Supporters’ Trust last night claimed they can still save the ailing First Division club along with interested investor Gordon McDougall – if chairman Angelo Massone finally walks away.  The entire future of the cash-strapped club – placed into interim administration by West Lothian Council on Friday – appears to rest with […]

Supporters claim Livingston viable if Massone quits

July 27, 2009

The Livi for Life Supporters’ Trust last night claimed they can still save the First Division club along with interested investor Gordon McDougall – if chairman Angelo Massone finally walks away, writes The Herald. The entire future of the cash-strapped club – placed into interim administration by West Lothian Council on Friday – appears to […]

Lions’ hearts in mourning

July 26, 2009

LIVINGSTON FOOTBALL Club, born 66 years ago in Edinburgh as Ferranti’s works team, are on the brink of death. The club in its final incarnation as Livingston is about to pass away at the age of 14, writes the Scotland on Sunday. The obsequies remain to be performed, the funeral orations will be a welter […]

Livingston enter administration

July 25, 2009

THE people of West Lothian have been urged to save Livingston after a court began the process of administration for the second time in five years, writes The Scotsman. An interim manager was yesterday appointed by the Court of Session in Edinburgh after West Lothian Council, owners of Almondvale Stadium, sought arrears of £300,000. Chairman […]

Angelo Massone: Council will kill Livingston

July 24, 2009

ANGELO MASSONE last night launched a stinging attack on West Lothian Council as they prepare to pull the plug on his reign at Livingston, writes the Daily Record. The Italian owner is refusing to go quietly after the council finally made their move to put the club into administration. The court of session in Edinburgh […]

Livingston FC taken to court

July 23, 2009

West Lothian Council is taking Livingston Football Club to court in a bid to recover outstanding debts. A hearing is set to take place in the Court of Session in Edinburgh on Friday, 24 July, at 9.30am. The council will ask the court to place Livingston into administration, with the aim of securing a long-term […]