Dumbarton rescue package hopes dashed as preferred bidder pulls out due to ill health

Dumbarton rescue package hopes dashed as preferred bidder pulls out due to ill health

HOPES of a rescue package for stricken Dumbarton have collapsed after ill health forced the preferred bidder to pull out of a proposal to save the…

Rescue of Dumbarton Football Club falls through

standfirst: Troubled Scottish football club Dumbarton has been delivered a blow as owner pulls out of deal to save businessAdministrators from Quantuma have confirmed that a rescue plan has fallen through at the last minute threatening the club with insolvency.Quantuma managing director and joint administrator of the club, Ian Wright said: ‘On 15 April, Craig Morrison and I, together, the joint administrators of Dumbarton Football, announced tha…

Dumbarton deal collapses as storied Scottish club face uncertain future - Inside World Football

April 29 – A deal that was set to rescue Scottish League One side Dumbarton FC from administration has collapsed just days before completion, dealing a serious blow to one of Scotland’s oldest football institutions and throwing their future into renewed uncertainty. The proposed agreement, struck by administrators Quantuma with Gareth Phillips of the Pendragon Group, had offered Dumbarton a full financial reset: all creditors paid in full, debts…

Rescue deal for SPFL club collapses due to buyer's health problems

Administrators Quantuma say they are in talks with other interested parties.