Dumbarton FC have been plunged into administration – after years of behind-the-scenes uncertainty.
Stevie Farrell’s squad were told the news on Monday night, with a statement from the administrators – Glasgow based Quantuma – released on Tuesday saying that the move came “following the non-receipt of significant funds that were owed to the club from the sale of development land in 2021″.
The Sons Supporters Trust say they hope the process will provide more detail on the land sale involving the historic side, and added they are ready to work with administrators and third parties to secure the club’s future. Dumbarton were taken over by Cognitive Capital in May 2021, with the group – headed by Norwegian businessman Henning Kristoffersen making bold claims about moves to full-time football, using the club as a pathway for talented young European players and moving to a new stadium near Dalmoak.
However that is all that has been heard from Cognitive since their takeover. With the Sons now facing an uncertain future – and being hit with a 15 point deduction that sends them to the foot of the League One table.
In their statement confirming the news, Ian Wright, Quantuma managing director and joint administrator, said: “Craig Morrison and I were appointed joint administrators of Dumbarton FC on November 18 2024.
“The directors of the club were left with no option other than to appoint administrators, following the non-receipt of significant funds that were owed to the club from the sale of development land in 2021.
“As administrators, we will be investigating the circumstances surrounding this transaction and other issues affecting the club, but will not be in a position to comment further at this time.
“Our immediate priority is to ensure the club can complete its fixtures and we will be meeting with key stakeholders to ensure this can be achieved. We understand this will be a shock to fans, staff and the local community.
“The club employs 18 playing staff, six football staff and three club staff whose roles are secure whilst we work through the early stages of assessing the options available to the club. We would invite any interested parties to come forward.”
The Sons Supporters’ Trust have outlined concerns for a number of seasons about the club’s opaque ownership model. In February they told the Lennox: “Cognitive Capital, with no previous known involvement in football ownership, appears to have identified our historic club situated in an attractive location as a vehicle for property development, and the Trust will require much more than repeated warm rhetoric to allay our concerns.”
And in a statement released following last week’s news, they said: “The Sons Supporters Trust is saddened but not shocked by today’s developments at Dumbarton Football Club.
“For some time it has been evident that the club has been operating under straitened circumstances, and whilst the appointment of an administrator is a very serious undertaking, it is to be hoped that an end can now be brought to both the club’s opaque ownership model and the Boardroom tensions which have characterised affairs at Dumbarton FC since the purchase of the majority shareholding by Cognitive Capital Limited in April 2021. It is our opinion that the local directors have reached a brave and sensible decision.
“Furthermore, the Trust would hope that any legal due diligence associated with the administration process would encompass the provenance and detail of the funding arrangements for that purchase. As well as the suspected transfer of a portion of land previously belonging to the football club to a shell housing development company created by Cognitive Capital Limited, done without either the knowledge or approval of the Dumbarton FC Board of Directors in place at that time.
“We are also acutely aware that there is a very human aspect to today’s announcement with a risk to people’s livelihoods, and that is a matter for deep regret.
“Dumbarton Football Club was founded in December 1872 and recently celebrated its 150th anniversary. However, for almost twenty years now the controlling interest in the club has resided with parties whose principal aim has been to employ Dumbarton FC as a vehicle to enable housing development on the club’s iconic site at Dumbarton Rock.
“Today’s announcement marks the continued failure of that endeavour. The Sonstrust believes that there remains considerable potential for community benefit in re-energising Scotland’s fifth-oldest football club through an ownership model which firmly places football as its core activity, and we stand ready to work with the administrator and any interested third parties who can help realise that objective.”
Companies House documents show that, in May 2023, more than £300,000 had been spent than earned in the two years since May 2021. A loss of £12,500 a month.
In the 2023 accounts it states that a club sold heritable assets worth £1.8m to a ‘related party’ – with the first payment for this of £300,000 due in April 2023.
MSP Jackie Baillie had previously outlined concerns about the history club’s ownership, saying Cognitive were chasing a “get-rich pipe dream”, adding “it is in nobody’s interest that the football club should stagnate.”