Rangers Find No Link Between Whyte and Green After Investigation, Smith Linked with Chairman Role

May 30, 2013

An independent investigation has found no evidence to suggest that former Rangers owner Craig Whyte had invested in the current set-up.

Whyte claimed that he was involved in the Charles Green-led acquisition of Rangers’ business and assets last summer, but the Ibrox club have confirmed to the Stock Exchange that no evidence was found.

“Based on the assessment of the available evidence, the company considers that the investigation found no evidence that Craig Whyte had any involvement with Sevco Scotland Limited (now called The Rangers Football Club Limited), the company which ultimately acquired the business and assets of The Rangers Football Club PLC from its administrators,” said Rangers’ Stock Exchange statement.

“”Nor which would suggest that Craig Whyte invested in The Rangers Football Club Limited or Rangers International Football Club plc, either directly or indirectly through any third party companies or vehicles.”

Whyte claimed to be behind the company that purchased the assets for £5.5m although Green denied this, before he resigned from his post.

Walter Smith linked with Ibrox chairman role

In other news from Glasgow, former Rangers manager Walter Smith has been linked with the chairman position at the club.

Attempts to remove current chairman Malcolm Murray have so far been unsuccessful but a board meeting in London has stepped up the process.

Smith won 10 SPL titles with Rangers and has been a non-executive director since November.