Masterton stepped down from the Bank of Scotland in 2001 after it was merged with Halifax.

BBC: SPORT | Football | My Club | Livingston | Masterton defends Stadia

Striker Kevin Finlayson and midfielder Steve Masterton have been told they are free to find new clubs.

BBC: Ryan McGuffie and Erik Paartalu exit Morton

Long-time Dunfermline Athletic director Masterton stood by his belief that developing office blocks, hotel and conference facilities and nightclubs was the way to solve cash-flow problems for football clubs.

BBC: SPORT | Football | My Club | Livingston | Masterton defends Stadia