Craig Whyte News
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Rangers Football Club Plc was dropped to the fourth tier of Scottish soccer in a vote of Scottish Football League clubs today.
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Scottish prosecutors ordered a criminal investigation into the acquisition of Rangers Football Club Plc by Craig Whyte in May 2011 and the subsequent running of the club.
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Rangers Football Club Plc faces liquidation after the U.K. tax authorities rejected proposals to let it exit administration, according to Charles Green, who is leading a group to buy the Scottish soccer club.
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Rangers owner Craig Whyte was banned for life from involvement in Scottish soccer and the club he placed in bankruptcy protection two months ago was given a yearlong embargo on signing new players.
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Duff & Phelps, administrators to Rangers Football Club Plc, today granted Tennessee businessman Bill Miller preferred-bidder status for the 54-time Scottish champion.
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Glasgow Rangers had its appeal against a yearlong transfer embargo and 160,000-pound ($255,000) fine rejected by a Scottish Football Association tribunal.
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The administrators for Rangers Football Club said they will seek an immediate appeal of sanctions imposed on the Glasgow-based team by Scottish soccer’s governing body.
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Craig Whyte pledged to keep Rangers Football Club Plc a “leading force in Scottish and European football” as he took over the record 53-time Scottish soccer champions.
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Craig Whyte’s proposed takeover of Rangers Football Club Plc has moved closer after the London- based Scottish financiers meeting with directors following the club’s 0-0 draw against Celtic on April 23, the Herald said, without saying where it got the information.
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PT Berlian Laju Tanker, the Indonesian ship operator under court protection, may present a plan to creditors in early May as it seeks to restructure debts and leases.
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