: Tue Nov 10, 2009 8:29 pm
I'm not going to defend Vaughan in any way, but to be honest I think the club was already in a mess before he took over. In fact I would go as far as to say that the only reason why he was allowed to take over was because the club was already in serious trouble and he offered a way out.
This certainly doesn't excuse him for the way he was using the club, but as the report says, the club was already insolvent when he tried the stunt and the had ran up massive debts.