Kilmarnock FC: Chairman says there's no £2m offer for club

Nov 30 2012 by Lizzie Smith, Kilmarnock Standard

Killie chairman Michael Johnston has denied rejecting a £2m bid for the debt-ridden club.

The Killie Trust issued a statement this week that “an excellent offer”had been turned down by the “board of directors”.

Speculation is of a £2m bid for the Rugby Park club which currently has £9m worth of debt on their books.

The Trust state the information came from “someone working closely with the club”.

However, fans are calling on the Trust’s forum for the identity of the source or the investor to be made public – but to no avail.

Speaking to the Standard Sport, Mr Johnston refuted turning down any offer.

He said: “Over my almost eight years as chairman, I have had a number of parties expressed an interest in acquiring a controlling interest in the club.

“I have treated them all with respect and confidentiality and supplied them with detailed financial information to allow them to develop or refine their plans.

“Nobody, so far, has come forward with any formal proposals.”

Mr Johnston said: “I think the Trust are trying to gain publicity for their community owenrship plan.”

He is worried this type of publicity will only serve to put off any potential future investors.