Lloyds Banking Group is about to embark on a £23 billion fundraising effort to stop the Government lifting its stake from 43% to 60%, while Rangers owe the bank up to £30 million, after sliding into losses last season.
Rangers Football Club and its banker are both in financial intensive care.
Lloyds Banking Group is about to embark on a £23 billion fundraising effort to stop the Government lifting its stake from 43% to 60%, while Rangers owe the bank up to £30 million, after sliding into losses last season.