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What the hell has changed at Dunfermline? The club has been carrying shed-loads of debt of ages, Nothing has changed here, The fans should keep calm and back the club.

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What the hell has changed at Dunfermline? The club has been carrying shed-loads of debt of ages, Nothing has changed here, The fans should keep calm and back the club.

The directors walked out late last year.

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What the hell has changed at Dunfermline? The club has been carrying shed-loads of debt of ages, Nothing has changed here, The fans should keep calm and back the club.

B ollocks.....

All clubs need to realise that operating outside their income streams is even more of a gamble than it used to be.

Cut your cloth to suit.... equals survive.

Overspend to try for bigger prizes and fail... equals death.

Everything else is perpetuating the myth that getting into the top flight is going to solve any financial weaknesses in a club.

You'd think business suits would fucking understand this, but in fact it is these ass wipes that simply think debt is something to leave behind if it goes tits up.

Not to worry though eh? SFA rewrote the club/business relationship aspect to allow this to happen so "clubs" are technically "immortal".

SFA, SPL, SevCo et all, ....as corrupt as the wan kers in the banking industry.

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3 Mar 2013The
Scottish Mail on Sunday By Andrew Picken

RBS calls in £600,000 loan to ex-boss of bank

THE taxpayer-owned RBS has called in a £600,000 loan to the former boss of a
rival Scottish bank.

A company wholly owned by Gavin Masterton, ex-managing director of the Bank of
Scotland, was allowed the loan after he personally guaranteed around half the
cash.

But bosses at RBS, which posted a £5 billion annual loss last week, have become
irritated with the firm missing repayments and have started moves to try to get
the money back.

It is understood Mr Masterton’s company, Charlestown Holdings Limited (CHL),
also owes money to HMRC over unpaid tax bills and has missed a number of
deadlines.

Mr Masterton’s complex business empire – which includes his ailing football
team Dunfermline Athletic – faces an uncertain future.

The public purse could lose millions as another of his firms has a separate £12
million loan from the state-backed Bank of Scotland.

Also, the future of Dunfermline Athletic – which has struggled to pay wages and
tax bills all season – is in doubt, as it is part of the CHL group.

Over the past few weeks, we have revealed the extraordinarily close ties
between the Fife businessman and his former
employer.

Bank of Scotland wrote off a £4 million loan to a company owned by Mr Masterton
– then sanctioned the £12 million loan to another of his companies that allowed
it to skip repayments for the next 35 years.

A source close to the club said: ‘This RBS loan will be news to many people.

‘It feels like all these complex layers of companies and loans is finally
catching up with Gavin and it looks like bad news for both the taxpayer and
fans the football team.’

Dunfermline Athletic and CHL last week broke Companies House rules by failing
to lodge their latest accounts.

The move came as a £500,000 share issue at the football club faltered.

In a separate development, it has also emerged that CHL owes Stagecoach tycoon
Sir Brian Souter nearly £1 million in a loan due to be repaid next year.

Mr Masterton, who retired from Bank of Scotland in 2001 with a £250,000-a-year
pension, has contacted the Scottish Government for help.

However, Holyrood officials insist they are only providing advice on how to
reduce his team’s electricity bills.

A Scottish Government spokesman said: ‘While we do not intervene between energy
consumers and suppliers, Dunfermline Athletic have asked us for advice on how
to reduce their electricity bills. We are engaging with the club on this
basis.’

Asked about CHL owing money to HMRC, a spokesman for Mr Masterton said: ‘Our
client considers that your inquiries relate to commercial matters which are
confidential to the parties concerned.

‘Accordingly, it is not appropriate for these to be commented on. Our client
respects the right of any party he or his company transacts with to have their
contractual rights and obligations remain private.’

The spokesman failed to respond to a request for a comment on the RBS loan.

A spokesman for RBS also declined to comment.'






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Don't worry I'm sure you'll do what Airdrie fans did in their dying days and start cheering the oposition (not that it wasn't a legitimate way of protesting).

I'm getting on a bit now and the memory is failing but I don't remember ever doing that.

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3 Mar 2013The

Scottish Mail on Sunday By Andrew Picken

RBS calls in £600,000 loan to ex-boss of bank

THE taxpayer-owned RBS has called in a £600,000 loan to the former boss of a

rival Scottish bank.

A company wholly owned by Gavin Masterton, ex-managing director of the Bank of

Scotland, was allowed the loan after he personally guaranteed around half the

cash.

But bosses at RBS, which posted a £5 billion annual loss last week, have become

irritated with the firm missing repayments and have started moves to try to get

the money back.

It is understood Mr Masterton’s company, Charlestown Holdings Limited (CHL),

also owes money to HMRC over unpaid tax bills and has missed a number of

deadlines.

Mr Masterton’s complex business empire – which includes his ailing football

team Dunfermline Athletic – faces an uncertain future.

The public purse could lose millions as another of his firms has a separate £12

million loan from the state-backed Bank of Scotland.

Also, the future of Dunfermline Athletic – which has struggled to pay wages and

tax bills all season – is in doubt, as it is part of the CHL group.

Over the past few weeks, we have revealed the extraordinarily close ties

between the Fife businessman and his former

employer.

Bank of Scotland wrote off a £4 million loan to a company owned by Mr Masterton

– then sanctioned the £12 million loan to another of his companies that allowed

it to skip repayments for the next 35 years.

A source close to the club said: ‘This RBS loan will be news to many people.

‘It feels like all these complex layers of companies and loans is finally

catching up with Gavin and it looks like bad news for both the taxpayer and

fans the football team.’

Dunfermline Athletic and CHL last week broke Companies House rules by failing

to lodge their latest accounts.

The move came as a £500,000 share issue at the football club faltered.

In a separate development, it has also emerged that CHL owes Stagecoach tycoon

Sir Brian Souter nearly £1 million in a loan due to be repaid next year.

Mr Masterton, who retired from Bank of Scotland in 2001 with a £250,000-a-year

pension, has contacted the Scottish Government for help.

However, Holyrood officials insist they are only providing advice on how to

reduce his team’s electricity bills.

A Scottish Government spokesman said: ‘While we do not intervene between energy

consumers and suppliers, Dunfermline Athletic have asked us for advice on how

to reduce their electricity bills. We are engaging with the club on this

basis.’

Asked about CHL owing money to HMRC, a spokesman for Mr Masterton said: ‘Our

client considers that your inquiries relate to commercial matters which are

confidential to the parties concerned.

‘Accordingly, it is not appropriate for these to be commented on. Our client

respects the right of any party he or his company transacts with to have their

contractual rights and obligations remain private.’

The spokesman failed to respond to a request for a comment on the RBS loan.

A spokesman for RBS also declined to comment.'

Sha c**t whiiiiiiiiiiiiiiit.

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I kinda wanna got to Starks on the 16th and just have a big party. No joke, it could very well be the last Fife derby between us. Scary fucking biscuits.

Dont worry, you will win that one.

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I kinda wanna got to Starks on the 16th and just have a big party. No joke, it could very well be the last Fife derby between us. Scary fucking biscuits.

Dont worry, you will win that one.

:lol:

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That last bit..... " our client....." blah shit blah "..... confidential....." blah shit blah...

Corporate shitbaggery speak for... "Please don't look at what I'm doing, and show me up for being the utter fraud and charlatan I am.

This is just normal business dealings....nothing to see here, now go away peasants."

Knob.

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I hope the SFL & SFA get their act in gear and make sure that Hamilton and Cowden get THEIR money and the DAFC players get paid what they are due before the whole house of cards comes tumbling down.

We should remember that it's not money owed to Cowden and Accies - it's our clubs ticket money that DAFC have taken and retained. A bit like me giving a tenner to CTID and asking him to kindly hand it on to someone else that I bought goods from because he would see them first. It's not CTID's money, never will be, and if he chooses to keep it then it's... well, it's stealing!

As ususal, there will be weeks of provarication and incoherent mumbling from the Scottish football authorities and by the time they get round to making any sort of decision it will be too late and pointless and clubs like Hamilton and Cowden will be left out of pocket. You can be sure that RBS won't hang around getting their hands on some or all of their £600K from the article posted above!

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I hope the SFL & SFA get their act in gear and make sure that Hamilton and Cowden get THEIR money and the DAFC players get paid what they are due before the whole house of cards comes tumbling down.

We should remember that it's not money owed to Cowden and Accies - it's our clubs ticket money that DAFC have taken and retained. A bit like me giving a tenner to CTID and asking him to kindly hand it on to someone else that I bought goods from because he would see them first. It's not CTID's money, never will be, and if he chooses to keep it then it's... well, it's stealing!

As ususal, there will be weeks of provarication and incoherent mumbling from the Scottish football authorities and by the time they get round to making any sort of decision it will be too late and pointless and clubs like Hamilton and Cowden will be left out of pocket. You can be sure that RBS won't hang around getting their hands on some or all of their £600K from the article posted above!

It's a disgraceful way to behave.

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Have to say Jeffries post match comments yesterday are sound. (http://www.dafc.co.uk/articles/20130302/managers-post-partick_2208031_3095384)

"If they don't want to play, don't play. I am not having a go at them, I understand their situation and they can feel sorry for themselves but they are better not playing at all and better letting me play a boy who wants to go out there and give his heart for the Club and the jersey. That's the message I got over to them at half time so there was a response and it was better.

"I have just warned them there again at full time not to ever turn up at this Club and go about the first half like they did again. If they do they will not be here anyway whether they are getting paid or not."

Football is not like a normal job, these guys have a fantastic platform to showcase themselves and to get a better gig elsewhere. These performances need to improve, not for the club but for their careers.

I accept Masterton is a c**t, and the players deserve to be payed the agreed amount on time. But I draw the like at applauding my team off 4-0 down at halftime. Having went to through a similar payment of wages situation recently myself, we didn't have clients/customers showing us any goodwill, it was business as usual. I'm glad the manager has acknowledged and addressed this.

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I hope the SFL & SFA get their act in gear and make sure that Hamilton and Cowden get THEIR money and the DAFC players get paid what they are due before the whole house of cards comes tumbling down.

We should remember that it's not money owed to Cowden and Accies - it's our clubs ticket money that DAFC have taken and retained. A bit like me giving a tenner to CTID and asking him to kindly hand it on to someone else that I bought goods from because he would see them first. It's not CTID's money, never will be, and if he chooses to keep it then it's... well, it's stealing!

As ususal, there will be weeks of provarication and incoherent mumbling from the Scottish football authorities and by the time they get round to making any sort of decision it will be too late and pointless and clubs like Hamilton and Cowden will be left out of pocket. You can be sure that RBS won't hang around getting their hands on some or all of their £600K from the article posted above!

The force is strong in this one.

You must be the last of the Jedi remaining.

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I agree completely with JJ's comments. If you don't want to play when you're not getting paid, I don't think anyone has the right to complain about that. If you are going to play though, give 100% for the cause.

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This whole situation hurts like hell. Yesterday's game was such a bizarre, emotional experience. I took my 9 year old laddie along, his enthusiasm for the game grows every week, I watch him going through the programme trying to learn the squad, their positions and even things like not getting why the ball going off the side of the pitch isn't called "offside". Two minutes into the game, he even gave me a row for not watching the game. He's making me proud and yet all I can think is "what am I getting him into?".

I turned to him as the 2nd Half kicked off, he was peering at the pitch through his rolled up programme, I asked "what are you doing?" He said "shooting their players with footballs". I was so grateful for him making me laugh as I'd sat the length of half time holding back tears. I've been the same since.

There is a lack of unity between those that love the club. The set up at the club is so complicated that I fear people are wasting time and energy chasing an overly simple "masterton out" solution. Discussions simply have to begin, this press release chess has to stop. Everyone wants the pars to live on, most of us don't have the knowledge or understanding (or money) to fully grasp what is required to ensure this. Masterton is stuck in a corner, alone with the facts. He needs coaxed out in order for fans to unite and save the club, not kicked further in. Is this possible? I don't know, if not, it's game's a bogie.

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This whole situation hurts like hell. Yesterday's game was such a bizarre, emotional experience. I took my 9 year old laddie along, his enthusiasm for the game grows every week, I watch him going through the programme trying to learn the squad, their positions and even things like not getting why the ball going off the side of the pitch isn't called "offside". Two minutes into the game, he even gave me a row for not watching the game. He's making me proud and yet all I can think is "what am I getting him into?".I turned to him as the 2nd Half kicked off, he was peering at the pitch through his rolled up programme, I asked "what are you doing?" He said "shooting their players with footballs". I was so grateful for him making me laugh as I'd sat the length of half time holding back tears. I've been the same since. There is a lack of unity between those that love the club. The set up at the club is so complicated that I fear people are wasting time and energy chasing an overly simple "masterton out" solution. Discussions simply have to begin, this press release chess has to stop. Everyone wants the pars to live on, most of us don't have the knowledge or understanding (or money) to fully grasp what is required to ensure this. Masterton is stuck in a corner, alone with the facts. He needs coaxed out in order for fans to unite and save the club, not kicked further in. Is this possible? I don't know, if not, it's game's a bogie.

Excellent post pal. Keep the faith.

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