forlanssister 3,050 Posted February 7, 2017 Share Posted February 7, 2017 The liquidators of Rangers Football Club plc have launched a multi-million pound legal action against the company's former administrators. The claim has been lodged by BDO against Paul Clark and David Whitehouse of accountancy firm Duff & Phelps at Edinburgh's Court of Session. BDO are seeking up to £28.9m following Clark and Whitehouse's handling of the administration process. Rangers entered administration in February 2012. Four months later, the company's business and assets were sold to a consortium led by Charles Green for £5.5m. BDO were then appointed as liquidators, and have since conducted a review of the events leading up to administration through to the sale of the assets. 'No other option' In November 2014, BDO agreed a settlement for £24m in a claim against Collyer Bristow, the legal firm that acted for Craig Whyte in his purchase of Rangers Football Club plc from Sir David Murray in May 2011. Those funds were added to the creditors' pot, as will any monies raised from the legal action against Clark and Whitehouse. In a statement, BDO said: "The joint liquidators, following extensive deliberations with their professional advisors and the liquidation committee, have taken the decision to issue a claim against the former Rangers' administrators Paul Clark and David Whitehouse, of Duff & Phelps. "During the course of the liquidation, questions have arisen regarding the strategy previously adopted by the former administrators, which have not, to date, been adequately answered. "In seeking clarity, the joint liquidators have been left with no other option but to pursue the matter via the Scottish Court. The joint liquidators look forward to the resolution of this matter." Criminal charges against Clark and Whitehouse relating to their involvement with Rangers Football Club plc were dropped in June 2016. Duff & Phelps have been approached for comment. http://www.bbc.co.uk/news/uk-scotland-glasgow-west-38896812?ns_mchannel=social&ns_campaign=bbc_sportsound&ns_source=twitter&ns_linkname=scotland 0 Quote Link to post Share on other sites More sharing options...
Uilleam 5,409 Posted February 7, 2017 Share Posted February 7, 2017 Is this, my friend, what you called 'good news', in another post, on another thread? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted February 7, 2017 Author Share Posted February 7, 2017 Is this, my friend, what you called 'good news', in another post, on another thread? No, but it's good news nonetheless. 0 Quote Link to post Share on other sites More sharing options...
boabie 230 Posted February 7, 2017 Share Posted February 7, 2017 After all the guff about that pair suing the crown office too. It'll make my life when the criminal charges against them are resurrected as well. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted February 7, 2017 Author Share Posted February 7, 2017 After all the guff about that pair suing the crown office too.It'll make my life when the criminal charges against them are resurrected as well. That ship has sailed unfortunately. 0 Quote Link to post Share on other sites More sharing options...
Uilleam 5,409 Posted February 7, 2017 Share Posted February 7, 2017 No, but it's good news nonetheless. Yes, it is, BDO, being, as they say in Accountancy circles, "No mugs". My worry, now, is how to cope with two (2) good news stories in short order. 0 Quote Link to post Share on other sites More sharing options...
boabie 230 Posted February 7, 2017 Share Posted February 7, 2017 That ship has sailed unfortunately. The criminal charges they were facing were deserted pro loco et tempore mate. The crown office also said they were considering fresh charges. I live in hope. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted February 7, 2017 Author Share Posted February 7, 2017 The criminal charges they were facing were deserted pro loco et tempore mate. The crown office also said they were considering fresh charges.I live in hope. There is no hope of Clark,Whitehouse,Grier or Withey facing any charges in relation to the RFC plc administration, Green may face more charges but they won't. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,410 Posted February 7, 2017 Share Posted February 7, 2017 Dave King vows to bring back Oldco: 'They say we're not Rangers anymore.. I want to put that behind us' By Keith Jackson 22:31, 10 SEP 2015Updated06:37, 11 SEP 2015 http://www.dailyrecord.co.uk/sport/football/football-news/dave-king-vows-bring-back-6420730 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 7, 2017 Share Posted February 7, 2017 Excellent news. Hopefully all shareholders can follow suit. 0 Quote Link to post Share on other sites More sharing options...
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