Livingston Football Club is pleased to confirm it has reached an amicable settlement of a loan balance owed to former director, Ged Nixon. This balance was an historical debt from pre-2014.
The club is now in safe hands and good governance is at the centre of day to day operations. Prudent management of the club’s affairs during extremely challenging times means we have been able to attract immediate investment and further financial guarantees provided by the Chairman and the CEO, which will ensure the club’s future financial stability.
As a result, we have been able to agree a settlement with Ged, and we would like to thank him for his cooperation and understanding.
We want to reassure everyone that Livingston FC has a secure future. The restructuring of the club’s finances has been achieved without using Scottish Government loans, and solely through new funding commitments.
We will continue to strive to build a club that the fans can be proud of on and off the park.