I see the Whyte case is now open and running
Walter smith on witness stand some quite intresting comments I see
"Smith asked about managers contract notice period. Replies "both times I was sacked I didn't get any notice"
Ok One Everton the other ???
also
"Findlay asks if "prudent clubs will budget for being knocked out in the first round of a cup competition"
"I was never overly-burdened by the financial issues" Smith replies
Smith says: "for the Champions league especially you can look for your club to be making money over the season"
Findlay "If you are knocked out in a preliminary round the Champions league money is gone"
Smith agrees. "
and
"Findlay suggests to Whyte "there was a tremendous financial burden on Rangers"
Smith says "the banks allow it to happen"
Findlay suggests one way the debt could have been managed was to "cut costs" of playing budget
Smith says he would "point out the consequences of that action" ie, less success on the field
Smith says success on the field gives the club a chance to bring in other sources of finance"
Findlay suggests "speculating to accumulate is a dangerous business in football" Asks what happens if expensive player gets injured
Findlay says Leeds United "tried to buy success" and are now in the Championship in England
"They had successful seasons" Smith replies
"Throwing money at it doesn't guarantee success" Findlay suggests "it's a stupid idea" he adds
"It's a gamble" Smith replies
Findlay to Smith "In 2011 did you know financially how bad things were at Rangers
"Not exactly" he replies.
Findlay asks if Smith knew the banks were "about to pull the plug on Rangers" witness says he was aware bank had placed person on board
Smith agrees a "Donald Muir" was on the board but did not know who appointed him. "
Reads to me it wasn't my fault honest
Edit: Re the Donald Muir stuff on the board, it was front page news at the time
https://stv.tv/sport/football/130876-ran...d-changes/
http://www.dailyrecord.co.uk/sport/footb...rs-1040150
He wouldn't be lying under oath surely ???
the great cardigans memory must be playing up I see
"Smith agrees he did know of EBT issue by March 2011. Smith says not aware of discussions over Rangers entering administration
Smith says no discussion of administration by directors while he was present. Only at meeting to report on football matters
Minutes state "Mr Smith says the prospect of administration would be a shambles"
Witness says no recollection of discussion"
Donald Findlay ripping a huge hole in Walter credibility as a witness
Walter smith on witness stand some quite intresting comments I see
"Smith asked about managers contract notice period. Replies "both times I was sacked I didn't get any notice"
Ok One Everton the other ???
also
"Findlay asks if "prudent clubs will budget for being knocked out in the first round of a cup competition"
"I was never overly-burdened by the financial issues" Smith replies
Smith says: "for the Champions league especially you can look for your club to be making money over the season"
Findlay "If you are knocked out in a preliminary round the Champions league money is gone"
Smith agrees. "
and
"Findlay suggests to Whyte "there was a tremendous financial burden on Rangers"
Smith says "the banks allow it to happen"
Findlay suggests one way the debt could have been managed was to "cut costs" of playing budget
Smith says he would "point out the consequences of that action" ie, less success on the field
Smith says success on the field gives the club a chance to bring in other sources of finance"
Findlay suggests "speculating to accumulate is a dangerous business in football" Asks what happens if expensive player gets injured
Findlay says Leeds United "tried to buy success" and are now in the Championship in England
"They had successful seasons" Smith replies
"Throwing money at it doesn't guarantee success" Findlay suggests "it's a stupid idea" he adds
"It's a gamble" Smith replies
Findlay to Smith "In 2011 did you know financially how bad things were at Rangers
"Not exactly" he replies.
Findlay asks if Smith knew the banks were "about to pull the plug on Rangers" witness says he was aware bank had placed person on board
Smith agrees a "Donald Muir" was on the board but did not know who appointed him. "
Reads to me it wasn't my fault honest
Edit: Re the Donald Muir stuff on the board, it was front page news at the time
https://stv.tv/sport/football/130876-ran...d-changes/
http://www.dailyrecord.co.uk/sport/footb...rs-1040150
He wouldn't be lying under oath surely ???
the great cardigans memory must be playing up I see
"Smith agrees he did know of EBT issue by March 2011. Smith says not aware of discussions over Rangers entering administration
Smith says no discussion of administration by directors while he was present. Only at meeting to report on football matters
Minutes state "Mr Smith says the prospect of administration would be a shambles"
Witness says no recollection of discussion"
Donald Findlay ripping a huge hole in Walter credibility as a witness