SBD Global/April 23, 2013/Franchises

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  • Scottish Third Division Rangers Hire Law Firm To Probe Ex-Owner Craig Whyte Links

    Scottish Third Division Rangers have announced that "they have appointed a law firm as part of an investigation being carried between previous Owner Craig Whyte and current employees at Ibrox," according to Stephen Emerson of the SCOTSMAN. In a statement released on the club’s website, it was announced Pinsent Masons "had been appointed to investigate links" between Whyte and current personnel of Rangers Int'l Football Club plc and its subsidiaries. They "will be supported" by forensic investigators from Deloitte. It had previously been reported that Pinsent Masons "would lead the commission investigating links between Whyte and Charles Green when the assets of Rangers were bought from liquidation." The int'l law firm will spread its investigation "to other employees connected with the club" (SCOTSMAN, 4/22). The HERALD SCOTLAND reported Rangers earlier issued a separate statement to the London Stock Exchange announcing that the company at the center of a dispute between Green and Whyte -- Sevco 5088 -- "was a subsidiary of the club at the time of its flotation on the stock exchange." The statement added that Green "was a director of Sevco 5088," which was used to buy the assets and business of the liquidation-bound club last May (HERALD SCOTLAND, 4/22).

    SPLIT DECISION: The SCOTSMAN reported Rangers board is "reportedly split 3-3 over potential new CEO Craig Mather." The board is "split into opponents and supporters" of Green. Walter Smith, Malcolm Murray and Philip Cartmell "are against Mather’s ascension to the top of the Ibrox hierarchy," while Brian Stockbridge, Ian Hart and Bryan Smart "are in favour of Mather" (SCOTSMAN, 4/22). In Glasgow, Keith Jackson reported it is anticipated Mather’s appointment "will be pushed through, against opposition." However, the very fact that "it was not simply rubberstamped during a scrambled board meeting on Saturday underlines the deep divisions at the club’s heart" (DAILY RECORD, 4/22).

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