Dumbarton have been hit with a points deduction by the SPFL after the club entered administration today.
Scottish football's governing body have docked The Sons 15 points, which puts them bottom of League One.
They have fallen to the foot of the table, even below Inverness Caledonian Thistle who are also in administration.
Dumbarton are now on zero points in 10th, while Caley Thistle sit ninth on four points. Annan Athletic are on 14 points in eighth.
A spokesperson for the league body said: "The Scottish Professional Football League (SPFL) has today confirmed the imposition of a 15-point deduction for Dumbarton, in line with SPFL rules on member clubs suffering an insolvency event.
"The William Hill League 1 table has been updated accordingly."
Ian Wright and Craig Morrison, managing directors of business advisory firm Quantuma, were appointed joint administrators yesterday, and cited the “non-receipt of significant funds that were owed to the club from the sale of development land in 2021”.
The most recent accounts for The Dumbarton Football Club, covering the year to May 31, 2023, show that the club was due to receive gross proceeds of £1,848,000 from the sale of land to a related party.
It sold a piece of land on April 29, 2021 to More Homes DFC Limited, a subsidiary of the club's majority shareholder, Cognitive Capital. The balance of the £1,848,800 was due to be paid into instalments, of £300,000 in April 2023, and £1,548,000 in April 2026.
However, the total amount remains outstanding, note the accounts, which state that the recovery of the money is "dependent on the successful completion of a residential development on the land sold".
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here