Dundee F.C. owner Peter Marr moved swiftly today to stress the football club’s future remained secure despite six companies owned by him and his brother Jimmy being forced into receivership. Jobs in some of the Marrs’ other businesses are under threat after Glasgow accountants Krolls were appointed receivers for Justice Homes, Camperdown Construction, Demryan, Call-a-Keg, Marbelles Ltd and P & J Taverns.
P & J Taverns own the brothers’ majority shareholding in the football club, but today the Marrs insisted it would not be affected.
“I have already spoken to the receivers and they have said they have not been appointed to become involved in the club,” said Peter.
“I have been assured of that and this will not effect the day-to-day running of Dundee F.C. or the restructuring deal we are working on with the bank.”
While bankers HBOS are continuing to back plans for the football club, it was a withdrawal of their support for the six companies that led to today’s move.
And Peter Marr admitted the problems stemmed from moves to save the Dark Blues after they went into administration in November 2003 with debts of £23 million.
In order to keep the club afloat, the brothers had to provide personal guarantees running well into seven figures and that has put a huge burden on their other interests. Peter declined to put a figure on the debt, but all the companies now in receivership are in the red.
He, though, remains hopeful the threatened jobs will be saved and the businesses will be sold as going concerns.
“We were speaking to the bank and hoped to sort something out. That has not been possible, but I do not want to be critical of the bank. We have had to close Camperdown Construction’s site on the Perth Road, where we are building town houses, but I think something will be sorted out there.
“The other businesses are still operating normally and, while it is a matter for the receivers, I know they are looking to keep them open.”
Peter did express sympathy for those workers whose futures were now in doubt.
“I feel for them, but I really do believe Krolls should be able to save their jobs,” he said.
A spokesman for Krolls said, “The receivership of P & J Taverns does not affect Dundee Football Club as it is an entirely separate legal entity.”
