Livingston future assured by Livingston 5 takeover

13 August 2009 11:12
• Scottish club had been on the brink earlier this month• Appeal over demotion will be heard by SFA todayThe future of Livingston appeared to be secured today after the club were sold to the Livingston 5 consortium. The debt-ridden West Lothian outfit had been on the brink of going bust this month but have now been rescued by the former Cowdenbeath owner Gordon McDougall and the ex-Dumbarton chairman Neil Rankine.McDougall becomes the club's new chairman, with the ex-Livi director Ged Nixon taking the post of chief executive. The news comes on the day Livingston have had their appeal heard against their relegation to the Scottish Third Division for breaching the Scottish Football Association's insolvency rules. Continue full article

Source: TheGuardian