Interim manager Donald McGruther, of administrator Mazars, will meet the SFL's management committee at 2pm, when he is expected to report that the Irn-Bru First Division club is beyond rescue.

That is after chairman Angelo Massone failed to meet a noon deadline to accept an offer of £25,000 to walk away and allow other interested parties to take charge.

Insolvency proceedings would trigger a breach of the league's rules, which McGruther believes will ultimately lead to Livingston ceasing to exist.

But SFL operations director David Thompson insists there is no guarantee the club will suffer the same fate as Gretna, who went bust after they were relegated from the First to the Third Division a year ago.

Thompson told Press Association Sport: "The management committee will listen to Mr McGruther's views and what he's got to say regarding the immediate situation and the future.

"I imagine they will look at things with a fairly open mind.

"After they have had a meeting with him, they will presumably have to discuss the situation."

He added: "Rule 76 says any club who goes in for an insolvency procedure are in breach of the rules.

"The management committee thereafter have full power to deal with it as it thinks fit.

"There is nothing to say in tablets of stone about any sanction.

"The management committee will treat each particular case on its merits.

"I don't know if they will take a decision tomorrow."

Thompson explained the SFL's biggest concern would be whether Livingston could fulfil their fixtures.

McGruther has already begun making staff redundant and intends to move onto the playing squad following tomorrow's meeting.

It could be this which ultimately leaves Livingston in real trouble, with the club scheduled to play Albion Rovers in the Co-operative Insurance Cup on Saturday.

Thompson added: "In the past, it's about guarantees - what guarantees you can give to fulfil fixtures.

"I think it will be up to Mr McGruther to come to the management committee and give certain assurances or guarantees about that."

Whatever happens, Massone will not be invited to address the SFL.

Thompson said: "As soon as Mr McGruther was appointed by the courts as interim manager, he has full power at the club, and therefore any individual who is the major shareholder or director, his position in the running of the club is suspended."