DAVE KING insists ongoing legal proceedings will have ‘no economic impact whatsoever’ on Rangers going forward and that the club has ‘nothing to fear’ over the outcome of any Court cases.
Craig Whyte is now the only person facing charges regarding his acquisition of Rangers in 2011 after charges against Gary Withey, David Grier, David Whitehouse and Paul Clark were dropped.
In relation to Charles Green and former Gers director Imran Ahmad, proceedings have been dropped in relation to the indictment involving Whyte.
King last week asked supporters to submit questions in a bid to communicate clearly with the Light Blue legions and in part two of his answers he has addressed historical issues involving previous Ibrox incumbents.
He said: “A number of questions were directed to me at gaining a better understanding of the risk that the Club continues to face with regard to the periods under the “stewardship” of Craig Whyte and Charles Green.
“There is particular concern that the well-publicised criminal investigations into both individuals could contaminate the Club going forward.
“I do not consider that the Club has any exposure to either of the named individuals whatsoever or to any legal proceedings – civil or criminal – that they are, or may become, involved in.
“Post regime change, the Club has fully cooperated with Police Scotland and provided valuable information and documents that had hitherto not been provided by the previous regime.
“We have done this partly because it is our civic duty to do so, but also because the Club is a victim of elements of this past behaviour and, as I committed to supporters over a year ago, we are determined to hold accountable anyone who has knowingly damaged our Club.
“The Club has nothing whatsoever to fear from any criminal trial running its course.
“What we will gain is simply the satisfaction that the rule of law has prevailed and that justice has been served. There will be no economic impact whatsoever.”
The Ibrox board have also launched civil actions against a number of former key Gers figures and Sports Direct chief Mike Ashley.
The cases against Green, Ahmad, Ashley, former chief executive Derek Llambias and Brian Stockbridge, the former financial director, are due to be heard at the Court of Session in Edinburgh.
And King is determined to press ahead with whatever action is necessary as the Ibrox board continue their rebuilding work on and off the park.
He said: “The civil position is slightly different. It has also been publicised that the Club has recently taken legal action against Mike Ashley, Charles Green, Imran Ahmad and Brian Stockbridge for their joint participation in a scheme to alienate assets of the Club for personal gain. I don’t want to comment on this matter in detail as it is sub judice.
“There will clearly be legal costs to fund this application but I anticipate that it will lead to the double benefit of the Club being compensated for any wrongdoing and also gaining the satisfaction of holding people to account.
“In the bigger picture none of this litigation is a major economic factor nor a major distraction to the management team in driving our football fortunes forward.”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel