The then PLC under the chairmanship of Doug McGillvray, although doubtless well intentioned, had undoubtedly dug itself into a very deep financial hole.
Total liabilities were hurtling towards three million pounds and were increasing at the rate of over £300,000 a year and that at a time when total turnover was less than a million. That is a critical state of affairs for any company.
Frankly, although doing their best, that regime was unsustainable and the existing board members had no clear idea of how to progress whilst servicing the debt far less making any inroads into it.
Our high profile triumph at Parkhead was perhaps more signifigant than many supporters realise.
In my opinion if it had not been for the windfall of being drawn away at Parkhead and the subsequent income from to two SKY matches against Aberdeen I doubt very much if the company would have survived that financial year. So perhaps we have the hapless John Barnes to thank for our current status almost as much as David Sutherland.
E ven with those huge bonuses the company contrived to lose money that year and by the time David Sutherland came along our creditors, particularly the bank, were becoming distinctly twitchy.
I agree with other posters that if it hadn't been for the bank's confidence in his business acumen and, I suspect, personal guarantees of the debt, they would have pulled the plug before much longer. Tht might not have meant the complete demise of the club but would have spelt the end of full tme football and any SPL ambitions perhaps permenantly.
Many people, both on anf off the pitch, have contributed to our current success but probably none more so than Mr Sutherland.