Police have now confirmed they received a report of suspected fraud last month involving a club in the area and that enquiries are ongoing.
A Police Scotland spokesperson said: “On Tuesday, October 29, 2024, we received a report of suspected fraud at a football club in Dumbarton.
“Enquiries are ongoing.”
The Scottish Professional Football League [national governing body] have also docked Stevie Farrell’s men 15 points, which puts them bottom of League One.
They are now below Inverness Caledonian Thistle who are also in administration.
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”.
The Sons have since launched a GoFundMe in a bid to raise £50,000 to help with club running costs including the wages for players and staff.
