Very worrying, but an interesting statement from the SonsTrust which maybe shines a little light on why it's happened...
The Sons Supporters Trust is saddened but not shocked by today’s
developments at Dumbarton Football Club. For some time it has been evident that
the club has been operating under straitened circumstances, and whilst the
appointment of an Administrator is a very serious undertaking, it is to be
hoped that an end can now be brought to both the club’s opaque ownership model
and the Boardroom tensions which have characterised affairs at Dumbarton FC
since the purchase of the majority shareholding by Cognitive Capital Limited in
April 2021. It is our opinion that the
local Directors have reached a brave and sensible decision.
Furthermore, the Trust would hope that any legal due diligence
associated with the Administration process would encompass the provenance and
detail of the funding arrangements for that purchase, also the suspected
transfer of a portion of land previously belonging to the football club to a
shell housing development company created by Cognitive Capital Limited, done
without either the knowledge or approval of the Dumbarton FC Board of Directors
in place at that time. We are also acutely aware that there is a very human
aspect to today’s announcement with a risk to people’s livelihoods, and that is
a matter for deep regret.
Dumbarton Football Club was founded in December 1872 and recently
celebrated its 150th anniversary. However, for almost twenty years now the
controlling interest in the club has resided with parties whose principal aim
has been to employ Dumbarton FC as a vehicle to enable housing development on
the club’s iconic site at Dumbarton Rock. Today’s announcement marks the
continued failure of that endeavour.
Comments
Or rather they'll lose it 2-0 against Villa's reserves
Apart for the fact that Hibs lost 2-1 in Andorra in an earlier round
Scottish League 1 Dumbarton enter administration
https://www.bbc.co.uk/sport/football/articles/cn8ld8z1nv8oNo...
The Sons Supporters Trust is saddened but not shocked by today’s developments at Dumbarton Football Club. For some time it has been evident that the club has been operating under straitened circumstances, and whilst the appointment of an Administrator is a very serious undertaking, it is to be hoped that an end can now be brought to both the club’s opaque ownership model and the Boardroom tensions which have characterised affairs at Dumbarton FC since the purchase of the majority shareholding by Cognitive Capital Limited in April 2021. It is our opinion that the local Directors have reached a brave and sensible decision.
Furthermore, the Trust would hope that any legal due diligence associated with the Administration process would encompass the provenance and detail of the funding arrangements for that purchase, also the suspected transfer of a portion of land previously belonging to the football club to a shell housing development company created by Cognitive Capital Limited, done without either the knowledge or approval of the Dumbarton FC Board of Directors in place at that time. We are also acutely aware that there is a very human aspect to today’s announcement with a risk to people’s livelihoods, and that is a matter for deep regret.
Dumbarton Football Club was founded in December 1872 and recently celebrated its 150th anniversary. However, for almost twenty years now the controlling interest in the club has resided with parties whose principal aim has been to employ Dumbarton FC as a vehicle to enable housing development on the club’s iconic site at Dumbarton Rock. Today’s announcement marks the continued failure of that endeavour.