The rubber stamping of the deal which was offered to the creditors just over a month ago and the cost painful cutting which took place in the early days of interim administration means that Bryan Jackson relinquishes the title of interim administrator. He takes on a lesser, supervisory role to ensure that the creditors receive their twenty pence in the pound payments. He said, "Over the last two years it has been a privilege to work with people at a club who were totally committed to ensuring the survival of the club and always had its interests at heart."
The club is now back in the control of the board.
Chairman Bill Dickie said "We are delighted and relieved to be passing this very important milestone for the club.
The last two years have been very hard for everyone involved with the club but we are now looking forward, with one of the best young teams in Scotland."
And Terry Butcher said, "This has been an extraordinary two years. We have experienced some real highs and lows but what is beyond doubt is that the players - both young and old - have shown a tremendous attitude throughout. We are now seeing the benefits of their outstanding professionalism and have shown everyone that the future of Scottish football lies in the hands of clubs like us developing its own talent."
A happy day indeed.