North Rd 0 Posted June 7, 2012 Share Posted June 7, 2012 Full moon? By Ronnie Esplin, Press Association Sport Rangers' controversial owner Craig Whyte has turned the tables on the Scottish Football Association by threatening to take them to court for defamation. Whyte had already been deemed unfit to hold an official position in the game by the SFA when he was handed fines totalling #200,000 by the ruling body in April for bringing the game into disrepute. At the same time the administration-hit Ibrox club were handed a 12-month transfer embargo - which was successfully appealed - and fined #160,000 after being found guilty of five charges relating to their financial affairs and the appointment of Whyte as chairman. The Motherwell-born businessman has refused to pay the fine, which he initially described as "a joke" and it was reported this week that the SFA's legal team were ready to pursue him through the courts for the money. However, when Whyte was asked by Press Association Sport for his reaction to the prospect of legal action being against him, he replied: "I will be going after them. I will be looking at legal options against the SFA. "They have a lot to answer for with their defamatory statements about me which formed the basis of their so-called investigation. "Scottish football's regulators are inept and have showed themselves up. But they have no jurisdiction over me." The SFA declined to comment. Whyte has agreed to sell his 85% shareholding in Rangers for #2 to Charles Green, who is leading the consortium in place to take control of the club. The former Sheffield United chief executive's group has pledged #8.5million for creditors who will be able to vote on a Company Voluntary Arrangement (CVA) next week. Should creditors reject the CVA, then Green would form a newco. Whyte is giving the CVA his full backing and is ready to walk into the sunset following his traumatic period as owner of Rangers, which began when he bought the club from Sir David Murray last year for #1. "I am 100% behind the CVA, I am very much in favour of it," he said. "I hope it goes through because it is the best way forward for the club and it will leave Rangers in an excellent situation. "My shares will form part of the consortium's shareholding and after that I will focus on other activities. "It has certainly been eventful year but I did what needed to be done, unpopular as it was. There was no alternative. It had to be done. "If it wasn't me it would have been someone else. "People will look back in a year or two with a different view. "People have conveniently forgotten the state Rangers were in at that time. "I should have taken the club into administration on completion of the deal. "But there was no way the situation would have been avoided unless someone came in and put in #100million and we have seen in recent weeks how difficult it is to get anyone to put money into a football club." 0 Quote Link to post Share on other sites More sharing options...
TheWeeBlueDevil 0 Posted June 7, 2012 Share Posted June 7, 2012 "My shares will form part of the consortium's shareholding and after that Iwill focus on other activities. Im confused by that, does that mean that Whyte will remain a shareholder and be part of the sevco consortium ? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted June 7, 2012 Share Posted June 7, 2012 Im confused by that, does that mean that Whyte will remain a shareholder and be part of the sevco consortium ? Definitely something there that needs clarified. 0 Quote Link to post Share on other sites More sharing options...
North Rd 0 Posted June 7, 2012 Author Share Posted June 7, 2012 Then again when has that man spoke anything truthfully. 0 Quote Link to post Share on other sites More sharing options...
CumbernauldGers 0 Posted June 7, 2012 Share Posted June 7, 2012 Im confused by that, does that mean that Whyte will remain a shareholder and be part of the sevco consortium ? In a word no. Whyte has agreed to sell his 85% shareholding in Rangers for #2 to Charles Green, who is leading the consortium in place to take control of the club Whyte is giving the CVA his full backing and is ready to walk into the sunset But it will not stop the scarmongering crew making new stuff up. 0 Quote Link to post Share on other sites More sharing options...
CumbernauldGers 0 Posted June 7, 2012 Share Posted June 7, 2012 Then again when has that man spoke anything truthfully. All he says is he is selling his shares, it's very clear. 0 Quote Link to post Share on other sites More sharing options...
TheWeeBlueDevil 0 Posted June 7, 2012 Share Posted June 7, 2012 All he says is he is selling his shares, it's very clear. I think your right but Whytes wording could have been a little clearer to avoid any confusion or mischief making. IMO 0 Quote Link to post Share on other sites More sharing options...
CumbernauldGers 0 Posted June 7, 2012 Share Posted June 7, 2012 I think your right but Whytes wording could have been a little clearer to avoid any confusion or mischief making. IMO I agree it could prob have been put better. 0 Quote Link to post Share on other sites More sharing options...
UCF2008 0 Posted June 7, 2012 Share Posted June 7, 2012 Craig Whyte "I should have taken the club into administration on completion of the deal." Should have paid the PAYE in September (as KO indicated we were able to) and then gone into admin. You'd still have been hated for it though. 0 Quote Link to post Share on other sites More sharing options...
aweebluesoandso 290 Posted June 7, 2012 Share Posted June 7, 2012 If we could get someone who could turn statements into £50 notes, we would be fooking minted. 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.