Pars players hit by cash crisis
Gary Fitzpatrick • Published 1 Mar 2012 09:30
DUNFERMLINE have been unable to pay full wages to players and staff for February after being caught up in the Rangers administration crisis.
Ripples from the Ibrox financial chaos are now hitting the rest of Scottish football and Pars players are the first to lose out.
Athletic chief executive Bill Hodgins said that by Monday all staff will have received 80 per cent of their salaries and the club will be in a position to pay the balance within ten days.
He added, "Our staff are aware that this situation is outwith the club's control and they have been extremely understanding and supportive.
"In the meantime, the Scottish Premier League are in constant dialogue with the administrator at Rangers in order to try and secure payment of our ticket income of £84,000 that was due on 21st February 2012."
Meanwhile, the club has announced its financial results, making an operating loss of £374,000 after interest.
This was down from a loss of over £1 million in 2010. The club paid £185,000 in bonuses for promotion to the SPL.
The Scottish football financial crisis was debated in the House of Commons yesterday. Dunfermline MP Thomas Docherty said the decision by administrators to withhold ticket money owed to the Pars and Dundee United was "nothing short of theft".