The official club statement on the website added: “Whilst survival in SFL2 remains Greig’s (and our) top priority, in reaching the decision to appoint him, the Board took a much wider view of what is best for the Club irrespective of the outcome at the end of this season.
“In his short time as manager, Greig, assisted by Shaun Fagan and Marc McCulloch, has brought about a dramatic improvement across a number of key areas, including the crucial relationship between the first team and youth development.
“The Board were keen to ensure that, whatever league status we hold next season, Greig was in a position to start planning now for player recruitment and pre-season training, safe in the knowledge that he could see his plans through to fruition.”
After the announcement was made manager Greig McDonald commented: “It is an honour and a privilege to be asked to continue as the manager of Stirling Albion Football Club into the 2012/2013 season.
“I would like to personally thank everyone associated with the club for their help, support and backing since we took over. The reaction and support from the fans in particular has been greatly appreciated.
“I would also like to publicly thank Shaun Fagan, Marc McCulloch, Pauline Robertson, Stewart Taylor and his coaching staff and of course the players, both first team and youth, for their commitment, determination and support and look forward to working with them for the remainder of this season and beyond.
“I can assure the Stirling Albion supporters that no one will work harder both on and off the pitch for this club than myself, Shaun and Marc. We are still very much in the fight for survival this year and I am confident that if we continue to work together as a club that results both on and off the field will be positive.”
Source: Official Stirling Albion club website