Every one has know Rangers have been in serious debt for a good number of years. Over the past 4 years they had managed to get this debt down a huge amount, to what was reportedly around £18m. During this time they had been paying their PAYE and VAT and tax. The Big tax case was something seperate that Rangers have found themselves battling after administrative/technical errors which the HMRC have closed the door on.
Enter Mr Whyte, pays £1 for club, borrows £x million ( £27m i think ) and uses that to pay off bank debt, and then doesnt pay the tax, vat and paye. Excluding this BIG TAX case, Rangers should not be in this position. Having cleared the bank debt, even with borrowed Ticketus money, they should have paid everything else easily enough. The fact that he did noy pay anything to the tax men since he took over shows the mans intentions.
I think that Craig Whyte should be the man who owes Ticketus the £27m, not Rangers. He must be a total con man.
It also makes me think why are Aberdeen looking to build a new stadium when they are already in so much debt, as this will increase the burden at a time when money is such a big concern for the future. I fear that the debts the Dons are taking on will do the same thing to them.
Anyone remember the level of debt Celtic were in when McCann came in and saved them, as I seem to recall they were days from administration back then too. Difference between Rangers and Celtic now, is Celtic got McCann when they needed him, Rangers got Whyte when they didnt!