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Duff and Phelps statement


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DUFF and Phelps, the administrators of Rangers Football Club plc, today issued the following statement.

 

David Whitehouse, joint administrator, said: "We welcome the decision by Lord Hodge today.

 

"Producing this report for Lord Hodge will give us an opportunity to demonstrate that the allegation of conflict of interest by the BBC was wrong and grossly irresponsible.

 

"We have a well-established conflict checking procedure which was fully ahered to and there was no reason for us not to accept the role as administrators.

 

"It should be remembered that HMRC withdrew their application to appoint administrators to enable us to do the job. We maintain there is no conflict of interest.

 

"Since the BBC documentary we have met Mr Roger Isaacs who appeared on the programme and was asked for his professional opinion as a forensic accountant.

 

"Mr Isaacs informed us that he was not shown relevant documentation by the BBC and now, having reviewed the documentation, has told us that he is satisfied that our firm did not have knowledge of Ticketus funding being used to acquire Rangers in 2011, prior to the transaction being completed.

 

"We are also cooperating fully with the investigation announced by the Insolvency Practitioners Association and we look forward to that inquiry been concluded as soon as possible.

 

"We have also referred the BBC allegations to our solicitors."

 

http://www.tv.rangers.co.uk/articles/20120622/administration-statement_2254024_2819682

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perhaps I am misremembering but I think the conflict of interest the guy refered to in the program was about an entirely different matter to ticketus.

 

perhaps a wee bit of sleight if hand from d&p there.

It was about Ticketus, the C&B case goes back to the club being mislead on where those funds to pay the bank debt came from.

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Insolvency expert Roger Isaacs, despite Duff & Phelps claims to the contrary, is standing by his stance in @markdaly2 documentary.

Alasdair Lamont‏@BBCAlLamont

 

He says, having seen documentation provided by D&P, he is not persuaded they had no knowledge of Ticketus deal to fund purchase of club.

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