Ergatrude 0 Posted February 15, 2012 Share Posted February 15, 2012 I have heard that SDM was actually TOLD by LLoyds to sell the club to Whyte so they could ride off with their £18m. If so, then why did Lloyds pick on us? They would have folded the club for sure.Now our debt is but a fraction of what the likes of Chelsea owe and they get away with it. Guess the difference is that their income covers their day-to-day running costs. Surely Lloyds could only 'suggest' that he sells the club? As the club was still under ownership of SDM & therefore it was his decision no matter who was leaning on him or pushing him? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted February 15, 2012 Share Posted February 15, 2012 So what were the options prior to administration for getting away from the tax case other than winning the case & going through years of appeals? Never mind prior to administration, let's go back to last May when Whyte took over. Option 1 - Pay our bills. 0 Quote Link to post Share on other sites More sharing options...
Ergatrude 0 Posted February 15, 2012 Share Posted February 15, 2012 I have heard that SDM was actually TOLD by LLoyds to sell the club to Whyte so they could ride off with their £18m. If so, then why did Lloyds pick on us? They would have folded the club for sure.Now our debt is but a fraction of what the likes of Chelsea owe and they get away with it. Guess the difference is that their income covers their day-to-day running costs. & Roman Abramovich has money to spend & CW appears not to. 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted February 15, 2012 Share Posted February 15, 2012 Option 1 - Pay our bills. What would be the point of that, if his plan was to fold the club anyway??? Or at the least put us into admin (which has obviously happened). 0 Quote Link to post Share on other sites More sharing options...
Ergatrude 0 Posted February 15, 2012 Share Posted February 15, 2012 Never mind prior to administration, let's go back to last May when Whyte took over. Option 1 - Pay our bills. That would never have gotten away from the £49m tax liability, it has merely brought it forward. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted February 15, 2012 Share Posted February 15, 2012 What would be the point of that, if his plan was to fold the club anyway??? Or at the least put us into admin (which has obviously happened). That was my point mate. He planned to put us into admin from square one. Any owner who didn't would have paid the bills. 0 Quote Link to post Share on other sites More sharing options...
Bears 0 Posted February 15, 2012 Share Posted February 15, 2012 That was my point mate. He planned to put us into admin from square one. Any owner who didn't would have paid the bills. I think that's one of the best, simplest things i've read. 0 Quote Link to post Share on other sites More sharing options...
bluebear54 0 Posted February 15, 2012 Share Posted February 15, 2012 The RST are suspiciously quiet. What are they plotting? Apparently Plan C - not involving PM. Source - somewhere in the marshes of FF last night. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted February 15, 2012 Share Posted February 15, 2012 I have heard that SDM was actually TOLD by LLoyds to sell the club to Whyte so they could ride off with their £18m. If so, then why did Lloyds pick on us? They would have folded the club for sure.Now our debt is but a fraction of what the likes of Chelsea owe and they get away with it. Guess the difference is that their income covers their day-to-day running costs. The entire deal should be the subject of a Judicial inquiry there are relationships between Lloyds and other parties who have profited from our demise. Make no mistake Lloyds knew all about Craig Whyte and knew what he was going to do. 0 Quote Link to post Share on other sites More sharing options...
bluebear54 0 Posted February 15, 2012 Share Posted February 15, 2012 That was my point mate. He planned to put us into admin from square one. Any owner who didn't would have paid the bills. For admin, read liquidation. That, I think is his game plan. Debt free, history free and sell on for a tidy profit plus the cash that has already disappeared. 0 Quote Link to post Share on other sites More sharing options...
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