Dumbarton Football Club is poised to exit administration thanks to an agreement with Gareth Phillips, which will eliminate its debt and enable full payment to creditors. This follows a tumultuous period marked by financial instability, leading to a 15-point deduction by the Scottish Professional Football League. As they currently face relegation to League 2, the proposal introduces necessary funding to stabilize the club's operations and concludes ongoing litigation with Phillips' Pendragon Group, ensuring a more secure financial future for the next three seasons.
A proposal has been agreed allowing Dumbarton to exit administration and settle debts. It provides necessary funding for the club's future operation and growth.
After significant financial turmoil, Dumbarton faces relegation to League 2. The club's administration has reached a proposal to ensure creditor payment and financial stability.
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