In 2012, Rangers Football Club had a majority shareholder, Craig Whyte, who owned 83.5 per cent of

Question:

In 2012, Rangers Football Club had a majority shareholder, Craig Whyte, who owned 83.5 per cent of the firm. The same individual also owned secured debt worth

£18 million and was Rangers’ largest secured creditor. Why would an individual choose to be a major lender at the same time as the main shareholder? Does this make sense? Explain.

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