Liviforever wrote:Nothing on the OS from the club but here's a link to sky interviewing McDougall: http://www1.skysports.com/football/news/11095/9579074
Livingston chairman Gordon McDougall has told Sky Sports News HQ that the club’s future is not in imminent danger, despite a five-point deduction and £10,000 fine for breaching SPFL tax regulations.
Lexi Collector wrote:I didn't have much time to post when the news broke as I was in work, but I've had a bit of time to think about everything.
As has been said, the points deduction isn't really anywhere near as serious as the 10K fine. Any amount of money for clubs at this level is hugely significant, but £10,000 isn't an amount of money which can be pulled for mid-air. I have a horrible feeling the court case on Friday will go against us as well, but not only, it'll also be a greater punishment than the one handed to us yesterday. These two, along with the £300K+ lawsuit with Nixon puts us in an absolutely deadly position. Friday will decide the future of this club for sure though - and that's if its not already broken enough. I believe our debt is almost at £2 million, so I see absolutely no positives here.
It's a really sad state of affairs though. Nobody seems to care about this club, all 3 major cases, each of which could see the end to our club, are completely and totally the doing of criminals battling their ego among each other. It seems like such a tragic loss of a football club, but that's the way this club is, and it only seems to be getting worse.
Personally I see no way of our survival in the Championship, but that's not massively significant given the circumstances here. Our major problems lie completely off the pitch. We have a poor squad and a poor management set-up. And please; let this finally be an end to the 'McGlynn out' patter. I don't want him in charge as much as any other Livingston supporter, and feel that he's beyond tactically inept, and stubborn. However, it costs money to dismiss a manager under contract - we absolutely cannot afford such payments. Ridiculously unnecessary. Consider the future of the club, a string of bad results and a relegation will hurt in the short-term, but losing Livingston Football Club will hurt for a lifetime. I'll go to all home games, and more away games and support the players, as they need it more than ever now. I might not particularly like our current squad, or many of the players as individuals, but I'm a Livingston fan, so I feel all supporters must make the effort to be more supportive than usual.
I'm very concerned and scared for the future of our club though. I've never been one to look at things so terrifyingly bleakly, but I honestly cannot see us escaping. The authorities are going to destroy us, and I don't think our club is strong enough to withstand this. One thing is for certain and that is that if we do pull through, fan/community ownership - whatever is certainly the way forward. Complete scum like Rankine and Nixon should be nowhere near this club, and it's about time we were in safe hands so the club can grow, an be here for future generations. There's serious potential here for a smashing football club, although I don't think it'll ever be realised, which I admit with huge regret and sorrow.
Official Site wrote:This matter was the subject of a voluntary declaration by the club prior to the delayed court hearings, which we expect to quantify the amounts missappropriated by officials of the company
Liviforever wrote:Nixon was given free reign running Livi so who knows what mess the books are in. They didn't have anyone counter signing cheques, it was only when Rankine came in this happened. Total mess down there, Nixon's businesses were in trouble, think some have gone bankrupt, all looking very messy.
They've accountants going over the books to find out how much tax we haven't paid so could be more than just the tax on players bonuses he's kept back, and the wording "misappropriate" suggests the funds have gone elsewhere.
The court case is heading towards a criminal charge allegation.
Bertie Bassett wrote:Bigger organisations than Livi have been fleeced by a dodgy dealer in charge of that organisations finances & they can get away with it for as long as they are able to "hide" what they are doing in the "books".
If the allegations that it happened due to Nixon's dodgy dealings are accurate then it shouldn't come as a surprise that the truth is coming to light after his departure from the club. On the other hand has his departure from the club simply given some other dodgy dealer the opportunity to make Nixon the scapegoat?
Club chairman Gordon McDougall told the Evening News: “It’s maybe a tad optimistic to expect to get away with the lot but, at the end of the day, it depends on the judicial panel. I am hopeful but they can have whatever view they want.
“The legal submissions must now be in by December 8 for consideration by the panel. In other words, that is the three days of evidence from the lawyers for the panel to then judge on. But it could go to another meeting as they told us yesterday as they may want another day to go over things.”
