Dominic Keane's car park space lies empty

Kroll Corporate Restructuring Group took control of the club on Wednesday following Keane's resignation.

Asked if he knew why the club's creditors had forced such drastic action, Keane said: "Yes!"

Asked if he would reveal those reasons, he said: "No, because I don't want to."

Keane had previously suggested that major creditor Halifax Bank of Scotland had lost confidence in his ability to run the club.

Livingston's cash-flow problem has become increasingly acute Kroll Corporate Restructuring Group

Debts of �10m have been estimated, although Keane himself has suggested it is closer to �3.5m.

Livingston's disagreement with the bankers appears to be over the building office blocks at City Stadium, which failed to bring in sufficient revenue but which the football club argue is a separate entity because it is a joint venture with Stadia Investment Group.

Kroll is expected to announce player redundancies on Monday, keeping the squad complete for the previous afternoon's Scottish Cup tie against Spartans.

"I thanked them (the players) for their effort, but I told them that many of them, probably part of that squad, will probably not be in the final," said Keane. "I think that is so sad."

Administrator Fraser Gray issued a statement pointing out the obvious, that the cause of the financial crisis at Livingston was high overheads that were not matched by the revenue coming into the club.

Keane confirms staff cuts

"Unfortunately, despite the best efforts of all involved, Livingston's cash-flow problem has become increasingly acute," he said.

"It became clear it would not be possible to achieve a solution to the club's financial problems in an appropriate timescale without the protection of administration.

"Following our appointment today, our immediate focus will be to evaluate the financial position of the club and review all options available.

"Whilst it's still very early in the process, our goal is to give the club the best chance of financial survival, so attention can return to the club's fortunes on the pitch rather than off it."