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SBD Global/April 29, 2013/Franchises

Rangers’ Stockbridge Has Documents Proving Former Owner Whyte Has No Claim On Club

Scottish Third Division Rangers Financial Dir Brian Stockbridge opened the Ibrox safe Saturday night to show the title deeds he claims prove former club Owner Craig Whyte "is on a loser," according to Gary Ralston of the Scotland DAILY RECORD. Stockbridge "has accused the former owner of holding Rangers to ransom and says he is 'deluded' if he thinks he can win back control of Ibrox and Murray Park." Stockbridge insisted every penny from the club’s recent £22M ($34M) share flotation went into Rangers’ coffers and that the club is still sitting with "double digit" millions in its bank account. The Ibrox finance chief also insisted that Whyte "had no claim on any of the Rangers assets and stated that he didn’t have any shred of a legal case." Stockbridge said: "I have the title deeds for Ibrox, Murray Park and the Albion car park. There is speculation Craig Whyte owns them, or [former CEO] Charles [Green], or that the club doesn’t. It is very easily dispelled" (DAILY RECORD, 4/28).
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