Kilmarnock may be able to sneak a look at their balance sheet without wincing if former chairman Jamie Moffat goes ahead with his plan for an early Christmas present to the club. He has offered to conditionally write off the £1.8m debt he is owed by the club. The offer, which would reduce the club's debt to around £7m, was announced at Wednesday night's annual general meeting. Moffat, son of former chairman Jim, is owed the money in the form of a Director's Loan Account. The amount is on an interest-free basis but wiping it from the books would be a huge boost for Killie as they look for fresh investment. Writing off the loan will only happen if the club can find someone to replace Moffat as guarantor on a £200,000 debt to the Bank of Scotland.

Current chairman Michael Johnston welcomed Moffat's gesture, saying: "Clearly, the club's balance sheet would be greatly improved by the removal of the Director's Loan Account and I hope to find a willing guarantor to replace Jamie in the weeks ahead. That may, in turn, lead to new investment in the club of a substantial nature, which would replicate the step change enjoyed under the late Jim Moffat. Jamie's proposal could facilitate a radical improvement in the club's finances, a gesture in keeping with his family's legacy as the greatest supporters of Kilmarnock Football Club in its 140-year history."