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MIH to release statement on sale of Rangers


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he will have cleared any mess up Frankie, you can be sure of that..

the wine lover will not be that duped

Oh, I'm quite sure it will be very difficult to prove anyone's guilt in a formal manner.

I'd suggest the fact D&P had to go to court to even get these documents tells its own story already though.

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It is still far too convenient that Sir David Murray managed to find a patsy Craig Whyte 6 months before the BTC was due to be given.

How fortunate for him that someone was willing to take on the club, take on the full liability of the tax problem HE created and remove the club from the security of the MIH group. Oh and Lloyds managed to be paid in full the £18m Rangers owed them OVER THE NEXT 18 years!

Lucky Dave.

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Sir David Murray forced to reveal Rangers takeover documents by court

Lawyers for Duff and Phelps were granted a request by a senior judge.

25 April 2012 10:54 GMT

304823-rangers-administrators-force-sir-david-murray-to-reveal-correspondence-between-group-and-craig-whytes-lawyers-over-takeover-410x230.jpgSir David Murray: Former Rangers owner ordered to hand over documents. Pic: © SNS Group

Lawyers for Rangers administrators have forced former owner Sir David Murray’s group to release documents between it and Craig Whyte’s lawyers over the sale of the club.

At the Court of Session in Edinburgh on Wednesday, Duff and Phelps secured the order for the recovery of documentation under insolvency legislation.

The administrators’counsel Susan Ower told Lord Hodge: "These documents which the administrators seek to recover are sought to facilitate the administrators investigation into the circumstances of the takeover of the company.”

The material sought included all letters, faxes, filenotes and emails between the Murray firm, of Charlotte Square, Edinburgh, and Craig Whyte’s solicitors Collyer Bristow, who are now being sued by the administrators at the High Court in London relating to the sale of 85.3% per cent of the share capital in Rangers to Mr Whyte.

Ms Ower said lawyers had written to the Murray company which had said it had no objection to providing documents but was concerned over confidentiality clauses. Therefore, a court order was being sought.

She said Mr Whyte had also been informed by email over the move. Lord Hodge asked if there had been any response by Mr Whyte or others informed but was told by Ms Ower: "None at all."

The judge said: "It is clear that, speaking loosely, the vendors at Rangers, whose solicitors have the documents, are content that the order be made, but need a court order because of the terms of the share purchase agreement."

Lord Hodge said he was prepared to grant the order after a brief hearing at which only the administrators were legally represented. Mr Whyte bought the controlling shares in the Ibrox club for £1 in May 2011 before he put the club into administration in February.

The court hearing follows a tumultuous day at Ibrox on Tuesday, where the Duff and Phelps said the Scottish Football Association’s decision to fine the club and ban it from registering players for the next 12 months could have a “very detrimental effect” on the sale of the club.

American businessman Bill Miller and the Blue Knights consortium, led by former Rangers board member Paul Murray, are in the running to take over the reins at Ibrox.

Mr Whyte, in an interview with STV News on Tuesday, reiterated that the club was in a financial mess before he arrived and said he has not made the situation worse since he became the owner of the former Scottish Premier League champions

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It was expained yesterday in court how gary whitney forged documents to confirm craig whyte had the money, after this is proven i would expect criminal charges to follow for Whitney.

There wouldn't be much point in charging a Gary "Whitney".

When one considers your spelling and syntax it really is a wonder what school you attended.

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