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Gretna have begun formal proceedings to move into administration, the struggling SPL club have announced.

Illness to owner Brooks Mileson has cut off his supply of cash, with the club stranded at the foot of the table.

It will mean a 10-point penalty and almost certain relegation from the SPL, while their players face the possibility of redundancy.

"The players are in good spirits but they are in limbo," said players' union chief executive Fraser Wishart.

Interview: Fraser Wishart, chief exec PFA Scotland

"The players don't want their futures played out in the press, they are looking for clarity and they had a barrage of questions for me.

"I'm guessing that there will be casualties but we hope that they are kept to a minimum."

Motherwell, Dundee and Livingston have all called in administrators in recent years, with players losing the ... Read more »

Category: SPL News | Views: 544 | Added by: itwp | Date: 10-Mar-2008 | Comments (1)