The decision of the SPFL Tribunal yesterday to extend our transfer embargo till the end of the season is obviously another massive blow to the club. The written decision is awaited and the question of appeal will be carefully considered at that time.
The offences admitted related to serious weaknesses in our finance and administration departments – and to the dreadful circumstances which afflicted the operation of the club for the past two seasons. The finance and administration departments have now been completely revamped and the circumstances and environment which used to prevail have been consigned to the past.
In addition to appointing a new Chief Finance Officer and Head of Administration the club is well along the process of negotiating new investment and strengthening the board. I expect to be able to report very positive news on this front in the near future.
Please be assured that a complete overhaul of the club is underway after one of the most difficult periods in our history. What is needed most of all is the continued backing of our supporters for John Rankin and the team on the pitch.
Jock Brown
Chairman
