Saturday, April 6, 2013

Craig Whyte Is At It Again With Rangers...

((HT: Sky Sports))

Craig Whyte is at it again...

The man who is credited, single-handedly, with running Glasgow Rangers into the ground and sending them to the Scottish Third Division is planning legal action to get the club back in his clutches and away from current Chief Executive Charles White.

Whyte claimed this week that Green was acting as his frontman when he bought the remnants of oldco Rangers out of liquidation.
Green has vowed to resist any legal bid from Whyte to force his way back into Rangers.

Green also penned a lengthy letter and put it on the Rangers Facebook page... that read in part...

“We cannot understand why Mr Whyte keeps going to the media rather than the court. He has threatened to take Duff & Phelps to court, the SFA to court and now Charles Green and Imran Ahmad. We suggest he gets on with it.

“If he wants to go to court we would be delighted to see him there. It is a shame Mr Whyte keeps trying to destabilise the Club he very nearly destroyed.

“It is also a great pity the media outlets continue to give him platforms.’


Hugh MacDonald at Herald Scotland makes the point that"

The dispute centres on Whyte's claim he was behind the Sevco 5088 company which bought the business and assets of administration-hit oldco Rangers, of which he was majority shareholder, in June last year. The assets, which were bought for £5.5m following the failure of a Company Voluntary Arrangement proposal to creditors, were soon transferred to Green's Sevco Scotland company, which later became The Rangers Football Club. Whyte reportedly argues that this transfer was illegal.

Here's Green's early retort...


Whyte will argue (whenever his day in court comes) the £50-million assets were transferred illegally since Green didn’t have his or partner Aidan Earley’s permission. Whyte is now demanding the assets be returned to Sevco 5088 which could theoretically see Whyte get Rangers back...

And the next round begins...

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