Gavin Masterton agrees to hand over Dunfermline Athletic FC shares

"This will make the process of administration considerably easier"

Gavin Masterton, major shareholder in Dunfermline Athletic FC, yesterday (03/04/13) signed over his shareholding in the Club to Bryan Jackson, of accountants BDO*. The transfer of the shareholding is essential in the administration process.

Mr Masterton commented:-

"I have handed over my shareholding in DAFC in the hope that this will help the Club rebuild for the future. For those of us who love this Club anything which can be done to facilitate its future survival must be done. I have given my life to DAFC over the last few years and I hope that this move is one of many actions which need to be done swiftly to allow Bryan Jackson to more effectively do his job as the administrator. I appreciate that the fans will also be doing their best for the Club and hope that we can all work together to ensure DAFC is still around for another 128 years."

Bryan Jackson, BDO business restructuring partner, commented:-

"I am grateful to Mr Masterton for handing over his shares. This will make the process of administration considerably easier and this action, along with the decision by various supporters and business organisations to unite behind the Club in the Pars United group, gives me some hope that we can have a positive outcome from the administration process. I would echo Mr Masterton and Pars United in encouraging all fans, and the wider community, to get behind the Club in any way that they can."

"We are also pleased to announce that we have been able to provide a small advance on April's wages to all players and staff from the generous donations received by fans and benefactors since the announcement of the interim administration last week."