Edinburgh City will not appeal against six-point deduction over late payments
- Published
Former Dundee, Hibernian and Ross County defender Liam Fontaine is Edinburgh City captain
Edinburgh City will not appeal against the six-point deduction issued by the SPFL after their failure to pay players and other debtors on time.
The club faced a winding-up order in December but it was lifted after an agreement was reached with HM Revenue and Customs over unpaid tax.
In a statement released to the BBC, chairman John Dickson apologised "unreservedly" to staff and supporters.
City are 12 points adrift at the bottom of Scottish League 1.
Dickson said: "I would like to acknowledge the decision of the SPFL's disciplinary hearing, and apologise unreservedly to our players, management and supporters for the outcome. The club accepts the tribunal's verdict, and I can confirm that no appeal will be forthcoming.
"We are grateful to HMRC for their co-operation and appreciate their willingness to work with the club.
"As regards the remuneration default, I would once again put on record my apologies to the players and staff affected by this. Significant progress has been made in this regard and we project to have all arrears satisfied before the end of the season.
"I would like to thank and apologise to our fans, who have been through the mill over these last few months. The club is forever grateful for all the kind messages and financial contributions that have been made, and we now must ensure that the club reaches its target of sustainability moving forward."