One of Scotland’s richest men faces a dent to his reputation and bank balance if the Scottish government proceeds to nationalise the only commercial shipyard left on the lower Clyde.
Jim McColl, the Monaco-based industrial investor, rescued the ailing Ferguson Marine shipyard from administration five years ago but risks seeing the business being taken into public control amid a costly dispute over the building of two ferries for CalMac.
It is thought the final bill to complete the two new ships is going to be at least £90 million more than anticipated amid a wrangle over changes to specifications which has led to delays.
The contract between Mr McColl’s company Clyde Blowers Capital, which owns Ferguson, and Caledonian Maritime Assets Limited (CMAL), the publicly owned
