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Chairman Archie Bauld promises to keep the club running

Fourth Lanark manager PR Lunatico and his players were sensationally turned away from training earlier today as the gates to Cowpat Park stadium were locked under the instructions of the Official Receivers, whoever they might be.

It is believed that the club are currently in debt to the tune of some £18 million. Some onlookers blame the club's current financial crisis on manager Lunatico, who has tried to buy success with his policy of signing journeymen foreign johnnies desperate to make one last easy killing before retirement.

Although mostly signed on free transfers under the Bosman ruling, the wage bill for the playing squad at Cowpat Park is believed to be in the region of £1 million a week, a hefty sum for a club with average home attendances of just under 90.

Lunatico, however, remains confident that a rescue package will be forthcoming and that a buyer with more money than sense will turn up to save the day.

In a strange twist to today's news, Steve Archibald, the former Clyde and Scotland star who recently went through a similar crisis at Airdrie, was unavailable for comment, but a man who once met him during his playing days at Aberdeen could not deny that the former Tottenham, Barcelona and Hibs ace might or might not be interested.

Whatever, the fans deserve the truth.