Dunfermline Athletic

Pars United named as preferred bidder for DAFC

Friday, 5th Jul 2013

by BDO for Dunfermline Athletic FC and by KPMG as the preferred bidder for East End Park Stadium

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Pars United have been confirmed as the preferred bidder by BDO for Dunfermline Athletic FC and by KPMG as the preferred bidder for East End Park Stadium. DAFC administrators, BDO LLP, confirmed that the supporters' group will now go forward as preferred bidder to the next stage of the process which will be to present the bid at a creditors meeting within three weeks and, if that is accepted, to move toward getting a Creditors Voluntary Arrangement (CVA) completed.

Bryan Jackson, BDO business restructuring partner, explained:

"I am glad that we are now able to announce a preferred bidder for DAFC. This means that we can now move the process forward with Pars United who have worked hard over the last few weeks and are now in the driving seat regarding the club. We will work closely with them as we present their bid to the creditors and, hopefully, win their backing to push for a CVA within the next few weeks."

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