Gretna struggled badly in the SPL and the club were placed in administration after Mileson withdrew his support due to illness. At the end of the season, all of the club's staff were made redundant and the club were initially relegated to the Third Division due to their inability to guarantee fulfilment of their forthcoming fixtures. After this demotion, the one remaining offer to buy the club was withdrawn. The club resigned their place in the Scottish Football League on 3 June 2008 and were formally liquidated on 8 August.