One week to save Dunfermline from liquidation
The complicated finances of the club have come under great scrutiny over the last few weeks with the role of former Bank of Scotland director Gavin Masterton increasingly questioned.
With East End Park no longer in the ownership of the football club assets are thin on the ground ruling out administration with the club staring liquidation in the face next Wednesday.
“There’s always hope while there’s time,” Jefferies claimed. “We got Jim Leishman down to speak to the players, myself and the staff to give us an update of what’s been going on and what position we’re in.
“They did state that time’s against them but they’re still working very hard behind the scenes, putting a lot of time and effort in, and the players appreciate that.
“They’re working hard trying to put everything together to stave off the liquidators. Every extension they get is vital.”
Jefferies added: “It’s very difficult when there’s a lot of people involved because they’ve all got their different agendas.
“We just hope that there’s some common ground that comes from this and they can get round the table very quickly.
“At this stage Jim (Leishman) and the steering group have informed us they have an accountant in there doing due diligence, finding out what the club’s about before anything can be finalised.
“That could take a few days and they’ll report back to us on Friday with an update.”
The Dunfermline situation again throws up the inadequacies of the SFA’s licensing system with the clubs last audited accounts published in 2011.
When a club fails to furnish the SFA with audited accounts they should be denied a playing licence for the following season to alert supporters and shareholders to the state of the club.
In 2011 the SFA granted Rangers a licence despite not receiving audited accounts with the club competing in UEFA competitions in 2011/12 before going into administration in February.
A similar scenario is now taking place at East End Park while Stewart Regan, Campbell Ogilvie and friends contemplate mission statements and action plans while walking away from their principle function- to govern the game.
CLICK HERE QC hits out at Green Brigade treatment
Follow Video Celts on Twitter and Facebook