18 July

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2002: At a Press Conference at 11am, Deeka Director, Jim Watson announced that the offer, worth £4.5m, from the consortium fronted by Jock Brown, had been turned down by the parent company and that 3 Deeka Directors, Watson included, had made available £300,000 to the club in order that the players could now be paid and this sum would also allow the club to continue throughout the new season. In a television interview for STV, Jim Watson said the reason the offer was turned down was because the figure wasn’t enough to please the clubs creditors and that the stadium was worth £7m alone and that ground adjacent to the stadium was worth another £1m to £2m. On the same news item Manager Ally Dawson said that he doubted whether the players would return to the club until their outstanding wages had been paid.

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