Rangers Have to Provide “full disclosure” for Takeover to SFA

June 6, 2012

The Scottish Football Association (SFA) claim that Rangers administrators will have to provide “full disclosure” on the takeover consortium led by Charles Green.

On Wednesday SFC members unanimously approved a resolution addressing the change of control at football clubs during their annual general meeting at Hampden.

After the vote, viagra sale SFA chief executive Stewart Regan claimed the new resolutions would regulate those attempting to buy football clubs, abortion and are aimed at determining whether they are “fit and proper” individuals to be involved in the game.

The Sevco consortium led by Green has put forward an £8.5m loan to pay the club’s administrators Duff and Phelps, as well as offer creditors a pence in the pound deal that will be voted on next week.

He has so far stated that his group is made up of 20 “individuals and families” from across the world, and named Malaysian hotelier Jude Allen, also known as Javed Abdullah, and Middle Eastern lawyer Mazen Housammi as being involved in his consortium. Stockbroker Imran Ahmad, of London-based group Zeus Capital, has been named by Mr Allen as the “financial adviser” to Sevco.

Mr Regan said: “It is important that club owners take more responsibility to ensure that they sell their club to an individual or individuals who act responsibly and within the rules of football.

“The Scottish FA governs the whole of football and rather than spend millions of pounds on investigations into any number of prospective purchases across the game at all levels – which would be better kept within the game – it is important that the onus is on those involved in the sale of the club.”