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Daily Record
Daily Record
Sport
Mark McDougall

Livingston chairman puts club contingency fund in place as he makes cost-saving admission

Livingston chairman Robert Wilson has guaranteed a six-figure contingency fund to help the club during the coronavirus crisis.

The Tony Macaroni Arena club recorded a profit of £367,530 last year and have promised to guarantee player and staff wages.

But Wilson admitted it would be impossible to rule out cost-saving strategies at Gary Holt's men if the pandemic goes on for a long time.

In an open letter to fans, Wilson told them the Premiership outfit would take a pragmatic approach to the situation with football having been suspended on March 13.

The Livingston chief said: "I have every confidence in our business model.

"So I have today provided a six-figure sum to the club as an interest free contingency fund to assist in underwriting any unforeseen consequences of the current pandemic.

"Our success in recent years is built on taking a pragmatic approach, and we will survive by applying the same pragmatism to every decision we take.

"The toughest of those challenges and decisions may still lie ahead of us all.

"We have guaranteed our players and staff that we will meet their wages in full meantime. However, that in itself is a very fluid situation and it would be financial suicide to entertain the idea that this is sustainable indefinitely.

"What we can guarantee every single supporter is that we will always put the club first."

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