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SNP Government hand Rangers biggest emergency interest free covid loan

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www.dailyrecord.co.uk

Ibrox side was handed £3.2 million as an interest free loan from SNP ministers in January after an agreement was struck by the SFA to provide clubs with financial support at the height of the second lockdown.

All teams in the Premiership last season except for Celtic took advantage of the loan facility, which paid out a combined total of £25.2 million.

Aberdeen claimed the second largest amount, with a loan of £3.19 million, while Motherwell claimed a total of £2.9 million and Hibernian and Dundee United both received £2.8 million.The borrowed money is repayable over a period of up to 20 years with no repayment due until 2022 at the earliest.

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