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Whyte has no place in gers' future


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RANGERSâ?? administrators have made it clear disgraced owner Craig Whyte will have no say in the future dealings of the club.

 

Paul Clark of Duff and Phelps has made it clear that Whyte has no stake in Rangers.

 

He said: â??I donâ??t see him as on-going owner of this club. I donâ??t see him as that important going forward.

 

â??In terms of his influence on the outcome to all of this I think he has little or no relevance.

 

â??In terms of Rangersâ?? future medium to long term he is absolutely irrelevant. The last thing Rangers needs next is another Craig Whyte figure.â?

 

â??Look at the bigger picture and the SFA has announced that he is not a fit and proper person in accordance with their rules and therefore he couldnâ??t come back.

 

â??And we never thought he was coming back.â?

 

 

There is no money due to him. He paid no money so there is nothing to assign to him

Paul Clark, of administrators Duff and Phelps

 

 

That doesnâ??t leave Whyte with any apparent room to manoeuvre and is a damning verdict from the administrators.

 

Clark went on: â??There is no money due to him. He paid no money so there is nothing to assign to him.

 

â??Weâ??ve seen no evidence whatsoever of any investment by Craig Whyte into Rangers. â??We canâ??t see any monies that he has paid in.

 

â??And he has no rights, in my view, to Ibrox or Murray Park. The only rights he could possibly have over Ibrox and Murray Park is if his secured creditor status was proven and he had any value to it but he doesnâ??t have any value.

 

â??So if heâ??s not a secured creditor he has no rights to either.â?

 

Clark maintined he is confident of finding new owners for the club.

 

â??Weâ??re talking about them coming from Scotland, the wider UK and some overseas parties,â? he said.

 

â??Thereâ??s been a number of meetings over the last few days and more are planned for next week and Iâ??ve got two calls to two different parties over the weekend.

 

â??We hope and believe that a new owner will be installed before the end of the season. Thatâ??s our objective.â?

 

 

 

http://www.express.co.uk/posts/view/...in-Gers-future

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I don't believe I Have read as much nonsense in the one article before.

 

Will be telling us next that murray never sold to Whyte and the bank never got any money.

But these are quotes from Paul Clark. Why would he - disinterested party - try to muddy the waters in any way? It's his job to unravel all the financial threads.
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I don't believe I Have read as much nonsense in the one article before.

 

Will be telling us next that murray never sold to Whyte and the bank never got any money.

 

 

What part of this is nonsense , dont see where your coming from at all mate

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There is no money due to him. He paid no money so there is nothing to assign to him

Paul Clark, of administrators Duff and Phelps

 

 

That doesn’t leave Whyte with any apparent room to manoeuvre and is a damning verdict from the administrators.

 

Clark went on: “There is no money due to him. He paid no money so there is nothing to assign to him.

 

“We’ve seen no evidence whatsoever of any investment by Craig Whyte into Rangers. “We can’t see any monies that he has paid in.

 

“And he has no rights, in my view, to Ibrox or Murray Park. The only rights he could possibly have over Ibrox and Murray Park is if his secured creditor status was proven and he had any value to it but he doesn’t have any value.

 

“So if he’s not a secured creditor he has no rights to either.”

 

They have cast doubt on the validity of his security from day one but it's one thing talking about it and another thing to actually do something about it, I'd like to see some sign that they're actually actively trying to invalidate it rather than just talking about it.

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They have cast doubt on the validity of his security from day one but it's one thing talking about it and another thing to actually do something about it, I'd like to see some sign that they're actually actively trying to invalidate it rather than just talking about it.

 

Why do they need to invalidate his security? if he is not owed anything then it's of no use to Whyte?

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