I'm not so sure that this was really down to Lowe's 'cleverness'. (Something vaguely oxymoronic about that). The PLC structure, and SLH, were surely intended to be part of Lowe's empire - a leisure behemoth with a nice football club attached. At the time of the reverse takeover, I seriously doubt that he thought: 'Oh, this'll be a clever wheeze when it all goes tits up.' By the time the bank pulled the plug - and long before - there was nothing left of that ambition except the club itself...or what was left of it. It must have been blindingly obvious to put SLH into administration.
Hardly rocket science, is it? And the idea that it fooled someone as pedestrian a political hack as Mawhinney shouldn't come as much of a surprise.
Hi, by the way!
