Agreed. I'm also sure it is right he has given personal guarantees for much if not all the loan.
Definitely.
It will have gone through the books as a loan from the parent company, passing the funds which it had received from Ticketus. It may or may not have been actual cash, although I suspect it was as that would stand up better to scrutiny. In any case the funds were used to settle Rangers indebtedness to LBG.
As I have posted above, I believe that a lot of the original loan will have already been repaid from Rangers to the parent company and on to Ticketus from Rangers cashflow (Jelavic's money, the £9m owed to HMRC, other stuff). I would be surprised if the current outstanding amount is over £10m.
Double whammy from Whyte: reduces his indebtedness to Ticketus; pushes the company into admin.