Former Scotland captain Colin Hendry was appointed manager in June 2007, replacing Joe Miller.

They staged an impressive 6–5 aggregate victory over Alloa Athletic in the Semi Final, coming from 5–2 down with 25 minutes left.

They defeated Airdrie United 3–0 over two legs to regain their status as a First Division team.

In: Out: Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Note: Players in italics left the club before or during the January transfer window.