SDM to be questioned about takeover

[BlueThunder 8,454]

I haven't seen this mentioned anywhere else. Anyone have any more info?

RANGERS’ admin-istrators were going to the Court of Session today to try to invalidate a deal over season tickets bought for £24million to help finance Craig Whyte’s takeover.

The bid to remove an obstacle over the club’s sale will be fought by investment firm Ticketus, which has joined forces with Paul Murray’s Blue Knights consortium in a takeover bid.

Duff & Phelps is concerned the season ticket deal will reduce the club’s value to potential bidders. Some analysts say the move raises questions over Ticketus’s support for the Blue Knights bid.

The administrators are to argue that the Ticketus contract should be voided. Ticketus would then get some of its investment back if Rangers agree a company voluntary agreement, to take the company out of administration.

The London-based agency would then have to take action against Whyte to get back the rest of the money it is owed through their agreement.

The company insists it will fight the move, saying it legitimately bought the season tickets and is therefore the legal owner.

Duff & Phelps had previously argued that the deal might be void because club assets, namely the tickets, were wrongfully used in the purchase of the club last May.

The company’s rights would cut the revenues to Rangers from gate receipts by about half.

Meanwhile, former Rangers company secretary Campbell Ogilvie says he will not step down as Scottish Football Association president and insists he had no role in “drafting or administering” player contracts at Ibrox after the mid- 1990s.

Ogilvie has come under pressure after the SFA and the Scottish Premier League said they will investigate the alleged non-disclosure of payments to players during his spell at Ibrox.

Ogilvie confirmed he had been a member of the Employee Benefit Trust scheme, which was the subject of a tax tribunal and could cost the club £49million.

Other reports today say former Rangers chairman Sir David Murray may be a key witness in the criminal probe into Whtye’s takeover of Rangers.

Police are set to question Murray as part of an investigation into whether Whyte’s takeover of the club breached company law.

[JM1872 3,776]

It's in today's record is it not? He will be a witness in the investigation?

I'm sure it was on here last night.

[BlueThunder 8,454]

It's in today's record is it not? He will be a witness in the investigation?

I'm sure it was on here last night.

Cheers, I was on until 4 this morning and didn't notice it posted elsewhere. I live in London and don't get the Record.