SFA Appoint Rangers Inquiry Panel
The Scottish FA can confirm that it has appointed as Chair The Right Honourable Lord William Nimmo Smith to inquire independently into Rangers FC. Stewart Regan, the Scottish FA chief executive, met with Lord Nimmo Smith today to define the terms of reference for the investigation. Lord Nimmo Smith is a former Senator of the [...]
Rangers football club chairman Craig Whyte has released a statement outlining the details of his purchase of the club, including the deal with Ticketus, which sold future season ticket income in return for more than £20m upfront. The Scottish Premier League champions went into administration last week over a £9m debt owed to HM Revenue [...]
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Craig Whyte has denied trying to make a “fast buck” out of Rangers while he was chairman of the football club. In a statement issued by Mr Whyte, he said he was personally “on the line” for £27.5m in guarantees and cash, in connection with a controversial deal agreed with the company Ticketus. The £20m [...]
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Police are investigating claims that Dundee United chairman Stephen Thompson has been threatened by a Rangers fan on a social networking site. Mr Thompson is also alleged to have been subjected to sectarian comments and abusive remarks about his late father and predecessor, Eddie Thompson. It is understood Tayside Police visited the United chairman after [...]
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Strathclyde Police have raised concerns over Celtic potentially clinching the SPL title against Rangers at Ibrox. Sunday’s win at Easter Road stretched the gap between Celtic and second-place Rangers to 17 points. Should Celtic remain unbeaten and their Old Firm rivals drop two points, then Neil Lennon’s side could win the title on 25 March. [...]
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Rangers football club are expected to draw the biggest crowd in the UK when they play their first match since appointing administrators on Tuesday. Fans have responded to the financial crisis by making the home game with Kilmarnock, at the 50,000-seater Ibrox stadium in Glasgow, a “full house”. Rangers chairman Craig Whyte will not attend [...]
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Dundee United will not provide Rangers with tickets for next month’s game at Tannadice unless they receive assurances that they will be paid. If not, United, who are due £80,000 from their Scottish Cup win at Ibrox, will sell away tickets themselves for the 17 March encounter. Dunfermline have also expressed concern they will not [...]
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The administrators of Rangers FC have said they have made “very good progress” within the first 24 hours of running the club. Paul Clark and David Whitehouse, of Duff and Phelps, said their first priority was to ensure that the club continued to function. They will be holding meetings with staff on a weekly basis. [...]
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THE ramifications of Rangers’ entry into administration will be felt far beyond the marble staircase inside Ibrox. While those most immediately at threat are the players and employees of the club, there is likely to be a price paid by many others within Scottish football. Hearts, currently struggling to manage their own severe cash flow [...]
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Paul Clark and David Whitehouse, both of Duff & Phelps, the corporate financial advisory firm, have been appointed Joint Administrators of Rangers Football Club, as of today, 14th February 2012. The appointment follows a petition for administration presented to the Court of Session in Edinburgh today by HMRC following the non-payment of circa £9m PAYE and [...]
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