Whyte Doesn't Appeal To Many
Craig Whyte is fighting as long as he can to hang onto his money but yet another court says he has to hand over cash.
Former Rangers owner Craig Whyte has lost the latest round of his High Court battle with ticket-buying firm Ticketus. Whyte has launched an appeal against being ordered to pay more than £17million to Ticketus earlier this year. The long running saga over Whyte's takeover of the Glasgow club from Sir David Murray started in May 2011. The various financial strands of how he could take over the club have been well documented, as far as we can find out, and Whyte recently asked Deputy High Court Judge David Halpern QC to overturn the repayment ruling, made by a more junior judge, at a hearing in London, but his appeal was dismissed.Ticketus claimed Whyte fraudulently or negligently made representations which induced the company to enter into agreements and hand over cash related to the sale or purchase of Rangers season tickets, and claimed damages. Whyte sold the future sale of three years' worth of Ibrox season tickets to Ticketus for £25m as he took over the club in May 2011. However, Ticketus claim they would not have entertained such an agreement had they known that Whyte had been barred from a directorship as far back back as 2000. Whyte disputed Ticketus' claims, but in April a High Court master ruled against him prior to a trial after Ticketus argued that he had "no real prospect" of mounting a successful defence and ordered him to pay £17.6m.Lawyers for Whyte, who put Rangers into administration in February 2012, appealed and argued that the master's decision to grant a "summary judgment" had been unfair. They suggested the case should be allowed to go to trial and said Whyte had a "realistic" defence. Judge Halpern heard evidence and legal argument at the High Court in London in November. He said the master was entitled to give "summary judgment" and said he would have reached the same conclusion. Whyte was ordered to pay all the legal costs of the appeal - a sum thought to total tens of thousands of pounds.
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