Company was liquidated because HMRC demanded 100 million plus and refused to settle on the actual money we owed! Anyone who put money into the club to try and save it would have lost it. This wasn't a scum or Hearts scenario where a few million kept the doors open. In this scenario a lot of our fans won't be able to afford to eat never mind plough money into the club! Our ability to ride this through will be based on the ability to get additional funding that can be paid back through future gate receipts or sales of players. Before this happened we would have had a plan to get us through March April and May that included revenue from 5 home games and revenue from the away games. Whatever that was is required so probably a couple of million missing? Hopefully the last 16 tie softened that.
The alleged EBT debt was not included in the figures which put the company into administration.
Only the accepted debt to HMRC and the money not paid by Craig Whyte was included.