29 Mar 2011 23:48:09
I think some of the takeover rumours are complete nonsense and made up by people with little intelligence and a lot of time.
The £1 million? Might be true because RFC have taken a long term loan much like a mortgage and there might be an early exit fee. However, any bank would waive that fee to get their money back and avoid being part of a club that could go into administration if the HMRC case goes against RFC. Better to get something rather than nothing.
Once the takeover is complete how could the bank possibly maintain its position on the board. The bank would have no influence on RFC in any way and could no longer dictate financial constraints on the club.
Rangers Rumours Archive March 29 2011
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29 Mar 2011 17:38:28
El hadj diouf going back to blackburn at end of season. Source lancashire telegraph
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