Sandy Easdale repaid ‘crisis loan’ from Lewis MacLeod transfer fee



Just three days after handing Rangers a crisis loan to avoid a potential winding up order by HM Revenue & Customs, Sandy Easdale has been repaid with the proceeds of Lewis MacLeod’s sale to English Championship side Brentford.

In a statement to the London Stock Exchange, Rangers said: “Further to the announcement on 5 January 2015, the Company has repaid the short-term credit facility provided by Alexander Easdale following receipt by the Company of the consideration from the player sale announced on 2 January 2015.”

The ‘crisis loan’ from Easdale had been secured against the income of MacLeod’s sale to Brentford at the start of the January transfer window for £850,000, with 50% up front and a further three installments over the course of 18 months.

Despite the Personal Money Network installment loans being paid back, Rangers’ finances are still in a dire way and significant funding is needed by the end of January – with the real risk of players wages going unpaid as well as January’s installment of PAYE & national insurance.


About Author


Andy Muirhead is the Editor of Scotzine and the Scottish Football fanzine FITBA. He is the Scottish Football columnist for The Morning Star and has written for a number of other publications including ESPN, Huffington Post UK, BT Life's a Pitch and has had his work featured in the Daily Record, The Scotsman and the Daily Mail.

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