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Rangers: No Whyte investment

30 May 2013 09:17:08

Rangers: No Whyte investment

An independent investigation commissioned by the Rangers board has found no evidence that former owner Craig Whyte invested in the current Ibrox set-up, the club have confirmed in a statement to the stock exchange.

The inquiry, which was carried out by law firm Pinsent Masons and overseen by Roy Martin QC, investigated claims made by Whyte of his involvement in the Charles Green-led consortium's acquisition of Rangers' business and assets last summer. The allegations were denied by Green, who subsequently resigned from his role as chief executive of the club.

The Rangers statement to the London Stock Exchange read: "Based on the assessment of the available evidence, the Company considers that the Investigation found no evidence that Craig Whyte had any involvement with Sevco Scotland Limited (now called The Rangers Football Club Limited), the company which ultimately acquired the business and assets of The Rangers Football Club P.L.C. from its administrators; nor which would suggest that Craig Whyte invested in The Rangers Football Club Limited or Rangers International Football Club plc, either directly or indirectly through any third party companies or vehicles."


PA

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