Dunfermline end eight-month administration period

Dunfermline are second in League One

Dunfermline have officially exited administration eight months after the Fife club were crippled by debts of close to £10m.

And the process was formally signed off in an Edinburgh courtroom on Friday.

"This is another very significant step towards re-building our proud football club," read a statement.

Dunfermline were forced to call in the administrators in March with huge debts when an unpaid tax bill of £134,000 resulted in a winding-up order.

The club were subsequently deducted 15 points and were relegated to Scotland's third tier via last season's play-offs.

However, in July creditors - including former owner Gavin Masterton - waived their right to money owed as they agreed to a Company Voluntary Arrangement which ultimately saved the club outfit from liquidation.

The Pars are currently second in League One, 16 points behind runaway leaders Rangers.