Gretna's future will not be decided on Thursday despite the club's administrators calling a meeting with creditors to discuss the club's reported £9million debt.

Insolvency experts Wilson Field have invited the individuals and businesses who are owed cash by Gretna to the Smiths Hotel in the town and while there are rumours of potential buyers stepping in to take over the cub, the other option is liquidation.

Chairman Gretna chairman Ron MacGregor, however, said that a deadline of Monday May 19 has been set for potential buyers which gives the Border club some leeway.

And while liquidation is still a possibility further down the line, Gretna will play their final two Clydesdale Bank Premier League fixtures against St Mirren and Hearts.

He said: "Wilson Field have called a meeting of creditors so we await the outcome of that and hopefully things will be a lot clearer.

"But there will be no need for newspapers to have a black border on them after tomorrow's meeting.

"The final decision will not be taken tomorrow..

"There are two options, liquidation or another party taking over but there is no danger of the club being wound up at the meeting.

"We have been told that May 19th is the new D-Day for bids.

"That is when all the shadow boxing comes to an end.

"We know of one interested group putting together a buy-out package but they are dealing with the administrators rather than the club.

"But we will play our remaining two fixtures against St Mirren and Hearts."