Dundee's board has won control of the Scottish First Division football club after agreeing a deal with its receivers and bank. Chairman Bob Brannan said: "We have control of the shares.
"The financial restructuring agreed with the Bank of Scotland will be concluded in the next few weeks. "And we will then be looking to attract new investors into the club to return Dundee FC to its rightful place in Scottish football." Dundee went into administration in November 2003 and have been in Division One since their relegation in 2005. Directors Peter and Jimmy Marr announced this month that they were to leave the club after nine years of control at Dens Park.
Six of Peter Marr's companies had gone into receivership. A number of offers were received after he and his brother put their majority shareholding up for sale. But Fraser Gray and David Whitehouse, joint receivers of P&J Taverns Ltd, which owns the majority shareholding, accepted the current board's offer. Bidders needed to provide proof of funding and their ability to service the club's financial obligations.
Team news.
Dundee expect top scorer Derek Lyle to be fit to lead the attack. Alex Rae might return with long-term absentee Scott Robertson out, but he will not require surgery and should be fit before the end of the season.
"The financial restructuring agreed with the Bank of Scotland will be concluded in the next few weeks. "And we will then be looking to attract new investors into the club to return Dundee FC to its rightful place in Scottish football." Dundee went into administration in November 2003 and have been in Division One since their relegation in 2005. Directors Peter and Jimmy Marr announced this month that they were to leave the club after nine years of control at Dens Park.
Six of Peter Marr's companies had gone into receivership. A number of offers were received after he and his brother put their majority shareholding up for sale. But Fraser Gray and David Whitehouse, joint receivers of P&J Taverns Ltd, which owns the majority shareholding, accepted the current board's offer. Bidders needed to provide proof of funding and their ability to service the club's financial obligations.
Team news.
Dundee expect top scorer Derek Lyle to be fit to lead the attack. Alex Rae might return with long-term absentee Scott Robertson out, but he will not require surgery and should be fit before the end of the season.
