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|  | Storm brewing over Ibrox }{ Bank threat to put...
« Thread Started on Oct 26, 2009, 6:08pm » | |
Bank threat to put Rangers in administration
RANGERS' banker has threatened to put the football club into administration in a dramatic intervention to tackle its mounting debts of £30m.
Lloyds Banking Group issued the ultimatum to the club's shocked board as the only alternative after it initially rejected a "devastating" business plan based on swingeing cuts.
Full article.
http://www.eveningtimes.co.uk/news/display.var.2533183.0.0.php
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