Sunday, February 19, 2012

Rangers administration: 'New information' on Rangers deal

BBC News - Rangers administration: 'New information' on Rangers deal

A very touchy feely statement from the Administrators which says nothing much but speaks volumes! I could be wrong but I think that the £1 million initial loan to takeover Rangers has been paid back via the advance ticket sales. The company involved has been buying advance tickets for a few years and had the nod that the deals would continue. This is where they saw that any put up seed money could be returned to them and they would walk away with the assets to stripe them.
I can see a Tesco Ibrox and a load of nice private houses being built after the demolition dust has settled.

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