Livingston FC have released a statement saying the club have a “secure future” after reaching a loan deal with former manager Ged Nixon.
Nixon, the club’s former chief executive, helped pull the club out of administration in 2009 alongside Gordon McDougall and Neil Rankine.
Confirming that the two sides had reached an “amicable agreement”, a statement from Livingston FC assured fans that the club was in “safe hands”.
The statement read: “Livingston Football Club is pleased to confirm that it has reached an amicable settlement of the loan balance owed to former manager, Ged Nixon. This balance was a historic debt from before 2014.
“The club is now in safe hands and good governance is central to day-to-day operations. Prudent management of the club’s affairs during extremely difficult times means that we have been able to attract immediate investment and other financial guarantees provided by the President and CEO, who will ensure the future financial stability of the club.
“As a result, we were able to reach 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 loans from the Scottish Government, and only through new funding commitments.
“We will continue to strive to build a club the fans can be proud of in and out of the park.”
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