Jon Daly, Cammy Bell and Nicky Law - are you happy?

[Ser Barristan Selmy 222]

SDM underwrote nigh all of it, not all of it came from transfers and wages either. The financial meltdown and the banking crisis took the feet out under him and his steel empire. Lloyds BG was chasing his millions and debts and we were the best piece of his business. As I said, Rangers were still running well enough before HMRC came calling and made us an unsellable entity. Perhaps you see it differently, but nigh all British clubs of stature are run in a similar way as SDM ran us. The EPL teams would be nowhere near their current status' without Sky, and even now those who are successful are being run by billionaires coughing up millions the clubs can hardly afford on their own.

FFS we were in financial meltdown for nearly a decade.

 

We were being run 'well enough' prior to the tax case because we were being run by the bank.

Edited May 26, 2013 by Ser Barristan Selmy

[der Berliner 3,281]

FFS we were in financial meltdown for nearly a decade.

 

If thou sayest so.

[RANGERRAB 3,293]

FFS we were in financial meltdown for nearly a decade.

 

We were being run 'well enough' prior to the tax case because we were being run by the bank.

 

After debts reached £80m the share issue which was underwritten by SDM reduced that debt to £6m bythe time PLG arrived. That's often forgotten. It was after KAUNUS that the debts started rising again by which time Lloyds had taken over HBOS