Livingston- Dual Influence

[Ruff 0]

Livingston have been found guilty of breaching Scottish FA rules over their owner Neil Rankine's dual interest in East Fife.

 

The Championship side were accused of concealing information of their biggest shareholder's involvement in the Methil side, with Rankine influencing affairs through a relationship with their owners.

 

The Scottish FA have ruled that four breaches of its rules have occurred. A hearing will take place on February 13 to determine what punishment, if any, will be handed down.

 

A previous charge relating to a £200,000 loan to Dumbarton was dropped late last year.

 

Livingston now potentially face action from the Scottish Professional Football League on similar grounds now the Scottish FA case has concluded.

 

The SPFL docked the club five points and fined £10,000 earlier this season after an admission they had defaulted on tax obligations in relation to bonuses, something they had failed to declare to the league in time.

 

A registration embargo imposed on the club has since been lifted after Livingston settled the outstanding amounts to HM Revenue and Customs.

 

Rankine claims to be owed £500,000 from loans given to Livingston and previously stated he would sell his shares in the club if a guilty verdict is delivered.

 

http://sport.stv.tv/football/clubs/livingston/305936-livingston-guilty-of-dual-interest-rule-breach-through-owner-neil-rankine/

 

 

Grant Russell ‏@STVGrant 4 mins4 minutes ago

STV understands Livingston have until April for Neil Rankine to dispose of his shares. Failure to do so could mean club banned from game.

 

Can Ashley expect the same?

[RANGERRAB 3,254]

I don't this is quite the same as with Ashley because he does not own Rangers outright via his shareholding which has not exceeded the 10percent allegedly agreed.

It is the influence & control Ashley has on Rangers by other means the SFA are concerned about