Livingston face unspecified disciplinary action after being found guilty of four rule breaches relating to key shareholder Neil Rankine’s interests in East Fife.
The club were today found guilty of failing to act in good faith, not acting in the best interests of football, and providing false, misleading and/or inaccurate information on Rankine’s fit-and-proper person test by failing to disclose his links to East Fife.
A Scottish Football Association judicial panel also ruled that Livingston, through Rankine, hold the power to influence the Scottish League One club.
Three of the four rule breaches on their own carry a maximum punishment of termination of a club’s SFA membership.
The SFA announced that the panel would continue until February 13 to allow Livingston to provide more submissions.
The initial charge - which was issued on August 8 - also stated that Rankine held interests in Dumbarton but this was subsequently removed.
The blow to Livingston comes after they were docked five points for failing to disclose a historic tax debt which the club said related to payments made by a former director.
The Scottish Championship bottom club have also been embroiled in a legal dispute with former chief executive Ged Nixon over loan repayments.