Dundee is 'hardest' rescue mission so far

Ronnie Esplin
Friday 28 November 2003 01:00 GMT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

The administrator Tom Burton has saved three football clubs from severe financial difficulties - but admits he has seen nothing like the problems at Dundee. "Saving the club is feasible, of course it is," he said. "I've been in this situation before and have come through the other side, although I must say I've not been involved in a situation as critical as this one."

The club has debts of £20m and was haemorrhaging £100,000 a week until the administrators Ernst & Young sacked 25 members of staff, including 15 players, on Tuesday. However, they still have heavy losses to contend with and although they have reduced the wage bill by 45 per cent, more cuts are needed.

Burton, who previously helped Gillingham, Portsmouth and Brighton solve their financial problems, was called in to restructure Dundee and find a way to save it from going into full liquidation.

"I've been lucky with the three clubs I've dealt with so far and I'll need to be even luckier this time," he said. "This is certainly the hardest job I've come in to do, I'm a realist and I think the club can survive, but the possibility of doing that will depend a lot on what happens over the next few weeks."

Ernst & Young have been heavily criticised for scrapping almost the entire youth policy at Dens, putting into doubt the long-term future of Jim Duffy's first team. Burton admitted he does not have much knowledge of football matters and would prefer to leave that side of things to the manager, but maintained his cuts were necessary to ensure the club as a whole survived.

"We've been brought in to help the club in the short term, as short as three months, and although this may be unpalatable, the long-term development of youths is really not our remit," he said.

The prospect of part-time football is something which could also not be ruled out, although Burton was quick to stress that he has not even considered it at this stage.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in