Heard a little whisper within the legal profession that Craigy has one last trick up his sleeve, and today might be the day he gets in there first to protect his interest
How is this possible? It's getting bewildering. There's a whole side of business (I work in a bank - these ****s deal in scrap metal, salvage companies etc etc) I'm completely unfamiliar with and, to be frank, it's a murky, murky business. If I was a Rangers fan, I'd be absolutely despairing at all of this
There are so many mixed signals. I've felt that with the debt and HMRC, liquidation was the only option. No doubt the adminstrators will try and put a gloss on things, but the situation can't have got so bad in the last couple of days from a precarious position to one of imminent disaster without them being aware of a disaster all along.
Surely the administrators admission accounts can't be filed speaks volumes. No matter how much those talking about buying rangers love the club, no one right in the head would buy a club without having those accounts? How can u buy something without knowing exactly how much debt you are taking on, or knowing exactly what assets the you'd be getting etc, as it's not clear what whyte has done with the money nor what he owns etc. and thats before the tax case. Those interested parties are business men. They don't take on that potential level of unknown. You buy rangers today it could cost £100m to clear up the mess and be worth s fraction of tat. You let it go bust you could pick it up for a quarter of that. You could then be the hero spending the extra £75m on the team as opposed to paying another mans debt. They didnt become millionaires by being stupid
They better do it soon They are trying to pass a law that means a newco with strong links to a bust company could be liable for their tax debts
Johnny there is no doubt that the administrators have been looking after Rangers interests from day 1. There never has been a company in administration for over 3 weeks without any significant costs cut. If they are not cost cutting, what are they doing.
