to pay the players' wages until the end of the 2007–08 season, ensuring that the club were able to complete its fixtures in the SPL. Administration led to cost-cutting and redundancies; club captain Chris Innes was made redundant on 25 March 2008, with the club explaining that he had "attracted interest from other clubs". The following day, 22 players, including eight members of the senior squad, along with coaching staff and the former owner's son were also made redundant. Gretna were mathematically relegated from the SPL on 29 March 2008 after being defeated 2–0 by St Mirren at Love Street, and broke the SPL's low attendance record on 5 April 2008 in their game against Inverness, when just 431 turned up for the match. They won their final SPL game, a home match against Hearts 1–0 with a goal from Gavin Skelton, which meant they finished the season with 13 points, narrowly avoiding setting a record low points total for the Scottish top-flight. Even without the point deduction, Gretna would have still been relegated by a 17-point margin behind Kilmarnock. Liquidation In early 2008 it was revealed by the administrator, Wilson Field of Sheffield, that Gretna had creditors of nearly £4m and assets (Raydale Park) of £812,000. HM Revenue and Customs was owed nearly £600,000 in total, and it was their threat to wind up the company that precipitated Gretna's move into administration. On 8 May, the administrator set a deadline of 17 May for a buyer to be found, or the club would be liquidated. After that deadline passed without a buyer making a firm offer, all the remaining employees were made redundant, but it was reported that the club were still negotiating with an interested buyer. On 29 May, Gretna were relegated to the Third Division due to their financial struggles, with the Scottish Football League threatening expulsion should a takeover not be completed within a week. After a takeover bid fell through on 1 June, the administrators confirmed the following day that they would look to sell Raydale Park to someone who will use the site for something other than football. Gretna resigned from the Scottish Football League on 3 June. Near neighbours Annan Athletic won the vote to replace Gretna in the Scottish league. With no ground, staff, players or a competition to play in, the club's dissolution was inevitable and the club was formally liquidated