Monday, 10 March 2008

Gretna prepare for administration

Gretna Football Club are preparing to move into administration after a halt in funding from their owner Brooks Mileson who is unwell.

Mileson became the owner of Gretna FC in 2003, and his funding has helped them achieve unprecedented success in recent years. However, due to his poor health, he is no longer in a position to continue supporting the club financially, and Gretna are now destined for relegation, currently sitting bottom of the Scottish Premier league table with a 10 point penalty looming.

Following a meeting last Friday 7th March, the club directors passed a resolution to place the club into administration. A 'formal notice of intention' was filed in the Court of Session in Edinburgh this morning (Monday 10th March).