What he is saying is, he got the money from Ticketus, he used it for Rangers (Lloyds,running costs or whatever), he guaranteed that money, if Rangers can't pay Ticketus then he will have to, in which case Rangers have used monies that he is going to pay. This is however dependent on how Rangers and Ticketus sort things out between themselves. If D&P breach that contract then I'm sure the liability will lie with CW.