[hibeejim21]

Its pretty odd how the banks email says "There seems to be a belief that the club can operate beyond its means with impunity" and that "their budget isn't credible" and budget "not a supportable strategy" as assumes Champions League entry every year for 3 years.

Yet as soon as they got humped out the CL they went on another spending spree.

I would assume at that point they were so far under water that their only chance of getting through this was to make sure they got back into the CL the following season and stave off creditors until that money came in.  The alternative they had at that point was probably the same as what actually happened in the end anyway!!

Like this you mean ?




Email shows Jelavic transfer backed by loan from Ticketus, "not to appear
on accounts"

Findlay says hidden from shareholders?
Shanks "Not in accounts'
Findlay "They hid the use of Ticketus?"
Shanks "Yes"

Email continues bank demand to take further money from Ticketus to reduce debt
Findlay "As a matter of principle Ticketus money could be used to pay back debt?"
Shanks "Yes"

If the SFA had disclosed the full extent of the financial chaos at oldco they wouldn't have been allowed near European football.