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Gretna go into Administration

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Old 10th March 2008, 04:50 PM
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Gretna go into Administration
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."
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Old 10th March 2008, 05:04 PM
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A real shame - Another story of the big time charlies winning again

Gretna were a great rags to riches story
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Old 12th March 2008, 01:36 PM
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I still feel though that they went too fast in going to the SPL. Yes it's nice to be in the top league but you need the finances and support. Without these it was always going to be an uphill task.
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Old 12th March 2008, 02:19 PM
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Shame They did so well too get where they did
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Old 12th March 2008, 02:33 PM
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Why does the owners illness mean he has withdrawn funding
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Old 12th March 2008, 03:14 PM
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Why does the owners illness mean he has withdrawn funding
May be funding for his health which is more Imporant then club
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Old 12th March 2008, 04:08 PM
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That is a real shame for there club the fans,and all the people in scottish football
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Old 13th March 2008, 12:38 PM
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Gretna could go out of business before the weekend according to BBC Sport. The administrator says that hey need £30,000 to play the away game at Aberdeen on Saturday but there are no new funds in the pipeline. Could be the end ...
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Old 13th March 2008, 12:45 PM
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its bad, there chairman is from rotherham as well, why doesnt he want to put money into us lol
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Old 13th March 2008, 01:05 PM
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May be funding for his health which is more Imporant then club
If he was that wealthy he would have been in a health plan
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