In December 2005, assistant manager Kenny Black saw a takeover bid thwarted at the eleventh hour. Many fans saw his bid as the best chance to move upward through the leagues, but a controversial sale of shares in the club meant Black's bid was defeated. David Robertson, manager at the time, also chose to leave the club. Former Lossiemouth manager Graham Tatters was subsequently named as Elgin's new chairman. Club captain at the time Jamie McKenzie was appointed caretaker manager and a run of good results was rewarded with the Manager of the Month award for December 2005; at the time he was the youngest serving manager in the UK.