Elliot opened the sale of the stadium and land to non-football purchasers after a rescue package fell through following the club's demotion to the Irn-Bru Third Division on Thursday.

Elliot, of Wilson Field, now expects the Scottish Football League to expel the club after he could offer no guarantees they will complete their fixtures next season.

He told BBC Sport: "They still are in the Third Division of the SFL but that is going to change within days, just as soon as the formalities are completed."

The club were expected to be put into liquidation today and final confirmation of their demise is not far away.

"I'm not thinking of formally putting it into liquidation because there may be some tax reasons for actually selling the ground in administration," Elliot added.

"But in effect there will be no trading. That's it."

mfl