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Dunfermline Athletic Football Club | Mr_Masterton_to_Resign_from_Board_of_Directors
Mr Masterton to Resign from Board of Directors
Tuesday, 5th Mar 2013
05/03/13: Mr Masterton will shortly be stepping down from DAFC Board of Directors
Mr Masterton has announced that he will shortly be stepping down from the Board of Directors of Dunfermline Athletic Football Club.
who has been a fan of Dunfermline Athletic since he
was a small boy joined the Board of Directors in 1991.
Since then he
was very much the man behind the scenes and was responsible for the building of the Norrie McCathie stands and East stand in 1998.
During Mr Masterton's
time on the Board DAFC achieved three cup final runs in 2004, 2006, 2007 and secured a place in Europe twice.
personally invested substantial sums in to the club in his
time in charge and within the last six months a further million has been pumped in to the Club simply to keep it alive.
Speaking about the reasons for his imminent departure Mr Masterton stated:-
GAVIN MASTERTON & JOHN YORKSTON
A transitional working partnership between Gavin Masterton
and the new parties will exist for a few handover months.
remains firmly committed to the realisation of a successful Club once again and it is for that reason he
remains committed to making a proportion of his
shares available for re-distribution through the DAFC Share Option and nullify part of his
personal loan to the Club as that still remains the only means to stabilise the Club for the remainder of this Season.
For legal reasons Mr Masterton's
name will still appear as the promoter of the Share issue.
will work hard to get the share issue progressed as quickly as possible, as it is essential to the club to go ahead with this extremely important income stream.
Mr Masterton explained:-