DAFC Directors' Response to Rangers FC Administration

DAFC Board issue a statement upon the news of Rangers FC PLC going into administration

DAFC Directors' Response to Rangers FC Administration
15 February 2012

All of the Board of DAFC would like to express their concern and shock that a giant football club such as Rangers FC has gone into administration. The impact of this will be felt throughout Scotland, the UK and Europe and the Board and club would wish to convey their support to Rangers FC and hope that the club can find a way through this terrible time.

However, the direct impact to DAFC is not insignificant: Rangers FC are due DAFC in the region of £80,000 of gate receipts from Saturday's fixture which is obviously of extreme concern. This payment is no longer expected to be received by next Tuesday which would have been the date it was due to the club - it is hoped that it will be repaid at some point in the future. This is a significant amount of money for a club such as DAFC to lose especially after losing £50,000 due to our game against Kilmarnock being postponed and will create some challenges for us over the coming months, these challenges are not insurmountable.

DAFC and the Board of Directors already have put in place a number of initiatives to raise additional capital to ensure that the Club balances its books and has an ongoing programme to reduce costs. To date that programme has already made a meaningful saving for the club by reducing staff, policing, stewarding, fuel and telephony costs and we have made a small trading profit up to the end of January. As at today's date DAFC are only due £44,000 to HMRC. The club also continue to seek to increase commercial income and this is where DAFC fans are key to help achieve this.

The most immediate area where everyone can help is in achieving as high a gate as possible at the upcoming game this Saturday against Inverness Caledonian Thistle; please encourage as many friends and family to come along and get behind their local team!!

Several other projects are underway to increase income sources but these will take some time to come through. Work on the new full size all weather pitch at Pitreavie is planned to start in June 2012.

Finally the Board would like to thank their ever faithful support and hope that all DAFC fans will continue to show their support for the club in this ever increasingly difficult economic climate.