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Rangers are suing Rangers FC Group (Wavetower)

54andcounting

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in Jimmy Bell's Kitroom

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54andcounting

54andcounting 627

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Rangers administrators sue Craig Whyte’s company in £25m legal action

Duff and Phelps confirmed the legal action was against both Rangers FC Group and Collyer Bristow.

By Mike Farrell

18 April 2012 18:30 GMT

Rangers: Duff and Phelps are suing the club's parent company owned by Craig Whyte.

Rangers administrators are suing Craig Whyte’s company and his lawyers for more than £25m in damages in relation to his takeover of the club.

Duff and Phelps have launched the legal action on behalf of Rangers and confirmed it is against Rangers FC Group Ltd , the club’s parent company owned by Mr Whyte.

Rangers FC Group, formerly Wavetower, bought Sir David Murray’s 85.3% stake in Rangers for a nominal £1 last May.

It was widely publicised on Tuesday that Collyer Bristow faced the £25m claim from the administrators, but on Wednesday Duff and Phelps confirmed the action also extended to Rangers FC Group.

A Duff and Phelps spokesman said: "I can confirm that the action for damages raised in the High Court in London is against both Collyer Bristow and Rangers FC Group."

Collyer Bristow has already described the "consequential loss" claim for in excess of £25m as "highly speculative" and confirmed it will be contesting the action "in the strongest possible terms".

Mr Whyte’s British Virgin Islands registered company, Liberty Capital Limited, wholly owns Rangers FC Group. When it was established, the only other directors of Group were Phillip Betts – who has since resigned form his position – and Andrew Ellis, who claimed Mr Whyte had “duped” him during the takeover.

This court action launched by administrators acting on behalf of the club came after they had entered into a five-way legal battle last month over £3.6m that had been seized from a Collyer Bristow account.

HM Revenue and Customs, London ticketing agency Ticketus and two businesses connected to Mr Whyte had all laid claim to part of the cash in proceedings at the High Court in London. This is being dealt with separately from the £25m damages action.

During court proceedings last month, counsel for Duff and Phelps said they had expected to find closer to £9.5m in the legal firm’s seized account.

Former partner at Collyer Bristow Gary Withey, who helped to broker Mr Whyte’s takeover of Rangers, left the company in early March citing "family and personal reasons".

What is next? Hugh Keevins is unmasked as a life long rangers fan doh

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Shane

Shane 338

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there must be so many lawyers making money out of this they will be getting CW to dish out the awards at the national solicitors convention!!!

Jiggly-eyed fucker couldn't read off the winners.

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Shane

Shane 338

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Yeah if they win the case they will slip the money back to whyte and if the don't whyte picks up his money elsewhere from the final outcome of the sale of the club.wacko.gif

Think you just wrote Dingwall's next release for him.

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54andcounting

54andcounting 627

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84 articles on the wires, stv only one claiming RFC group to be sued also.

“We can also confirm that we have instigated legal proceedings against Collyer Bristow, the former lawyers of the club, and The Rangers FC Group Limited in the High Court in London for substantial damages suffered by Rangers Football Club.”

Read More http://www.liverpoolecho.co.uk/sport/amateur-football/2012/04/18/rangers-adminstrators-to-sue-owner-craig-whyte-s-former-lawyers-100252-30782975/?#ixzz1sQahg9OV ;):P

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ray

ray 105

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“We can also confirm that we have instigated legal proceedings against Collyer Bristow, the former lawyers of the club, and The Rangers FC Group Limited in the High Court in London for substantial damages suffered by Rangers Football Club.”

Read More http://www.liverpoolecho.co.uk/sport/amateur-football/2012/04/18/rangers-adminstrators-to-sue-owner-craig-whyte-s-former-lawyers-100252-30782975/?#ixzz1sQahg9OV ;):P

Yes, that doesn't say anyone is suing RFC group, it says the former lawyers of the club and the RFC group are being sued.

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ScottBF2

ScottBF2 3,540

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Yes, that doesn't say anyone is suing RFC group, it says the former lawyers of the club and the RFC group are being sued.

No it doesn't.

The section ",the former lawyers," is explaining who Collyer Bristow are to those who might not know. Anything after that runs on with the previous statement.

So it reads more like:

“We can also confirm that we have instigated legal proceedings against Collyer Bristow, the former lawyers of the club, and The Rangers FC Group Limited in the High Court in London for substantial damages suffered by Rangers Football Club.”

If you removed the bits in Italics then it would make more sense. Assuming this has been properly structured.

Having said that, I don't think we're suing the Rangers FC Group.

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ray

ray 105

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No it doesn't.

The section ",the former lawyers," is explaining who Collyer Bristow are to those who might not know. Anything after that runs on with the previous statement.

So it reads more like:

If you removed the bits in Italics then it would make more sense. Assuming this has been properly structured.

Having said that, I don't think we're suing the Rangers FC Group.

It isn't structured properly, there are rules for use of a comma before "and" none of which have been adhered to.

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54andcounting

54andcounting 627

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No it doesn't.

The section ",the former lawyers," is explaining who Collyer Bristow are to those who might not know. Anything after that runs on with the previous statement.

So it reads more like:

If you removed the bits in Italics then it would make more sense. Assuming this has been properly structured.

Having said that, I don't think we're suing the Rangers FC Group.

Right, see what you are getting at, but if it was as you sugest, then it should have said:

Paul Clark, joint administrator at Duff & Phelps, said: "We can confirm we have instigated legal proceedings against Collyer Bristow, the former lawyers of the club, and also The Rangers FC Group Limited in the High Court in London for substantial damages suffered by Rangers Football Club."

No?

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ScottBF2

ScottBF2 3,540

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Right, see what you are getting at, but if it was as you sugest, then it should have said:

Paul Clark, joint administrator at Duff & Phelps, said: "We can confirm we have instigated legal proceedings against Collyer Bristow, the former lawyers of the club, and also The Rangers FC Group Limited in the High Court in London for substantial damages suffered by Rangers Football Club."

No?

To avoid a situation such as this, yes.

It isn't strictly necessary though.

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