KILMARNOCK striker Kris Boyd reckons under-fire chairman Michael Johnston is doing a good job - because the bank would have "pulled the plug" on him if he wasn't.

The Rugby Park side are winless after 10 games this season and Johnston has been under pressure from fans unhappy at his stewardship.

The chairman, whose club has debts of more than £9million, have announced investment of £1m from local businessman Billy Bowie.

That news came just before a meeting in Kilmarnock's Grand Hall, where almost 500 fans agreed to set up the working party to pursue community ownership.

"It's a difficult situation at the club right now," Boyd said.

"I think it's well documented, I think the banks are probably running the show.

Boyd went on: "He's a genuine guy, he's a good enough guy who you can speak to and have a conversation with. At the end of the day he's got tough decisions to make upstairs.

"But if the chairman wasn't doing a good job I think he'd be out by now, because I think the bank would've pulled the plug on it a long time ago. So he's obviously doing something right.

"There's obviously been problems between the chairman and the fans, but as players we just want it sorted so that we can have a stable club and go forward."

Boyd, 30, says he is "loving" his second spell at the club despite them languishing second bottom in the Premiership with three points from a possible 27.

He added: "It's difficult when you've got more fans outside shouting at the chairman than you have inside.

"But the boys are all together and the training's been brilliant."