mr messy
Veteran
- Location
- Sunny? Glasgow, the friendly city...
I don't think there is any doubt that was the "business" plan.I think the use of EBTs are wrong myself but has already been ruled on that they were legal ( they didn't legally have to pay the tax) , your simplifying it though , not as straight forward as spending too much , the debt when Craig Whyte bought the company was manageable but the company had no credit line because of the threat of EBTs , so really it was the combination of the threat of a big tax bill which never materialised and the bank getting paid back and no further credit line that did them .
IMO Craig Whyte was brought in to liquidate Rangers .
There is still more to come out of Ibrox and the current lot of "businessmen" in charge are probably up to their necks in it too!