Elgin City could face administration

By Oliver Gaywood
Last updated : 22 February 2005
Worries over the finance situation is worsened with the bank seemingly losing patience with the club.

City made a loss of £78,000 last year, despite £55,000 coming out of the pockets of the directors, showing that their finances are in stark contrast to high flyers Gretna and Peterhead.

There are many factors working against Elgin - the most prominent being the insurance premium rise of 500% due to the repeated flooding of Borough Briggs.

However, should the club go into administration it is believed that a prominent Aberdeen business man could step in to help out.

Miller said "Rest assured, the Board of Directors are doing everything within their power to keep this club alive but we do need support and if any shareholder knows individuals who could help the club financially or any other way, please contact me."

The club are due to hold their annual general meeting on 3 March.

Elgin City Match Reports

Scottish Division 2 Sat 17th February 15:00

Elgin City 2 - 2 Montrose

Last game - Match Centre

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