'Hopelessly insolvent' Livingston on brink of collapse after deadline passes

29 July 2009 03:07
• Chairman Angelo Massone failed to meet deadline for sale• Administrators begin making club's staff redundantThe fate of Livingston is set to be decided by the Scottish Football League after administrators began making staff redundant today.The development came after the chairman, Angelo Massone, failed to meet a noon deadline to accept £25,000 for his controlling interest. The controversial Italian ignored the ultimatum from the interim manager Donald McGruther – from the administrator Mazars – who was appointed by the Court of Session on Friday after West Lothian Council took legal action to reclaim a £330,000 debt. Continue reading. . read full article

Source: TheGuardian