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Yes BOS lent the Marrs the money but admin was down to the Marrs. They ran the business and they were reckless on how the borrowed money was spent etc culminating in being unable to pay back the money borrowed. By your logic any business that goes into admin is the banks fault if said business borrowed money from the bank. Yes the bank should have been more responsible on the amount they lent to the Marrs but the bank was not responsible for the admin, bad business decisions both on and off the park was the cause.
You can call it reckless, but they took a gamble which probably would have paid off if tv deal never collapsed down south, we all went along with it and I personally thank them for a few great seasons supporting the Dees, I’ll never forget the trip to Perugia, we were going no where before they came in, if they hadn’t we would probably have been a modern day Third Lanark
The Bank of Scotland top management should have started to bounce the cheques long before the debts reached £22 million and Admin 1 took place.
I was speaking to a person who worked in RBS in Manchester and he asked me how Dundee Football Club could afford to sign Cannigia.
I replied that I did not know how they were able to sign Cannigia especially with the home gates they were getting at that time.
Now we know that it was the Bank of Scotland in Edinburgh who were ultimately paying for the cost of Cannigia’s wages plus the wages of all the other high earning players.
We finished 5th in the Premier League with Jocky Scott as the manager before the Marrs decided to sack Jocky Scott and bring in the Bonetti brothers who then signed lots of players from overseas.
In my opinion we would never have suffered Admin 1 if the Marrs had let Jocky Scott remain as the manager and left him to sign players without bankrupting the club.
Importantly we would still own Dens Park.