[Beefy]

Gretna have confirmed they have begun formal proceedings to move into administration.

Club owner Brooks Mileson's recent illness has cut off his supply of cash to the SPL basement boys.

As a result of going into administration Gretna will be deducted 10 points under SPL rules which will push them even closer to relegation.

However, the club intend to fulfil this season's fixtures despite fears of their imminent demise with all players being made available for transfer.

In a statement, a club spokesman said: "In 2003 Brooks Mileson became owner of Gretna Football Club.

"His financing has enabled the club to achieve unprecedented success in

"However, due to his ill health, he is currently not in a position to facilitate further financing.

"Following a board meeting on Friday 7 March, the directors passed a

resolution to place the club into administration, and the formal notice of

intention was filed in the Court of Session in Edinburgh this morning.

"We anticipate that administrators will be appointed in the next few days."