Their biggest mistake was to lend to a separate company that had no assets. WASPS Finance only had a guarantee from within the Group and no access or rights to the Stadium Lease. Their only recourse was to enforce the guarantees but that still did not mean they controlled the primary asset
A lovely memory of your Dad, it sounds as though we were of a similar era and had the same experiences
My condolences for your loss and hope you will continue in your Dads footsteps on the Forum