Craig Whyte has been ordered to pay £18m to the finance firm Ticketus after he lost a claim against him at the High Court in London. The firm, which provided nearly £27m to help the businessman purchase Rangers Football Club two years ago, said it had also been awarded interest and costs. The former chairman of Rangers has until 26 April to lodge an appeal. The court battle has no effect on current operations at Ibrox. Ticketus, which is part of Octopus Investments, said the court had ruled that Mr Whyte failed to disclose his business background when he signed for the finance, in return for a portion of three years of season ticket sales. BBC Scotland revealed in October 2011 the then Rangers owner had previously been banned as a company director. Under Craig Whyte's ownership Rangers went into administration in February 2012 over non-payment of VAT and National Insurance totalling about £14m. The contract with Ticketus was subsequently terminated by the administrators, Duff and Phelps, but it emerged Mr Whyte gave personal guarantees over the deal. Mr Whyte lost control when the assets of Rangers Football Club were eventually taken over by a new company run by Charles Green's consortium, with the "oldco" liquidated. He claimed last week he was prepared to go to court to prove he is still the owner of the football club's assets.
Hmm, it's just that you usually add this prefix to any stories/tales/fables/fantasies/lies (delete as applicable) about people who are enemies of The Rangers.
It's like throwing wee bits of bread out at the duck pond. You just know Mindy is gonna come scuttling along. Quack!
Tragic news http://www.scotsman.com/sport/football/top-football-stories/ex-rangers-owner-craig-whyte-faces-bankruptcy-1-2886869
As your club falls to bits, again, it's the fact Celtic fans can't help but laugh and mock that gets you irked You lot should be at the big hoose's doors, waiting for drunken Bomber Brown to arrive to save the day, demanding answers from Green.
Our nutty ex owner threatens to sue are current owner then gets hit with a £17.7m bill. Yeah falling to pieces.
Aye, it's all above board and rosy! Things are definitely looking up, aren't they!? It's brilliant news after brilliant news for The People
