I know how this look to our club that we all love however I do believe it is the Police and PF that need to be taken to task on this. Consider:
1. The 2 Administrators have been falsely accused of fraud and other offences.
2. They have had their reputations in tatters since 2012 for no reason - it has been proven that they were only doing their job
3. The Police have admitted that they were wrong not only in their accusations but how they have pursued them.
4. Their case has been heard in court twice.- once when they are the defendants and once when they are the pursuers and they have won both times
Fom where I am sitting it looks like they have had a terrible time of it and deserve to be compensated - should this to be the sum of £10m each I am not so sure.
It was a total stitch up from the start, and I think the issue is far from finished. Whyte, Green and the Administrators were all in it together, until Green stabbed Whyte in the back.
Glasgow-based BDO – which was appointed liquidator of the football club’s old company – will claim Duff & Phelps failed in their responsibility.
www.dailyrecord.co.uk
Liquidator of Oldco Rangers launch £29m court case against administrators over refusal to sell Ibrox
By
Craig Robertson
Glasgow-based BDO – which was appointed liquidator of the football club’s old company – will claim Duff & Phelps failed in their responsibility.
The liquidator of Oldco
Rangers has launched a £29million
court case against administrators Duff & Phelps over their refusal to sell
Ibrox stadium.
BDO says the stadium – and the club’s training complex, corporate brand and players – should have been cashed in and the money put towards the multi-million pound mountain of debt.
The case is to be heard in Scotland’s highest civil court in May next year and will point back to February 14, 2012, when Duff & Phelps were appointed administrators of the club after it fell into financial ruin during the ownership of Craig Whyte.
Glasgow-based BDO – which was appointed liquidator of the football club’s old company in October 2012 – will claim Duff & Phelps failed in their responsibility as administrators by not selling assets.
It’s understood they believe an asset sale would have raised £28.9million and want the Court of Session in Edinburgh to make Duff & Phelps liable for the money instead.
Last night, the club’s former joint administrators, Paul Clark and David Whitehouse of Duff & Phelps, vowed to defend the action when it goes to court.
A spokesman said: “We stand by the work that we undertook and the claim is being defended.”
BDO’s court action emerged in its latest report, which was sent to creditors in the past few days.
The action poses no threat or liability to Rangers’ current owners, the stadium or any of its assets.