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Staggering ‘£21mil settlement’ payout to Rangers administrators

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This weekend it was revealed that the two administrators to Rangers FC have received a massive payout of more than £20 million pounds from the Crown, due to a ‘malicious prosecution’.

That is according to a report ran by the Glasgow Evening Times, in which the full extent of the saga was set out.

David Whitehouse and Paul Clark are the individuals concerned, who have gained the compensation for the ‘damage done to their reputation and standing.”

The men who work for the Duff and Phelps firm, which was chosen by the infamous Craig Whyte as the preferred administrator to Rangers in 2012, are said to have had their evidence accepted by the Crown Office and Procurator Fiscal Service (COPFS) in relation to the damages.

It was reported that, “David Whitehouse and Paul Clark won an admission in court by the Lord Advocate, James Wolffe QC, that they had been maliciously prosecuted over their involvement in the administration of of Rangers.”

“They had previously been awarded interim payments and had settled out of court with Police Scotland for six figure sums.”

“Sources close to Whitehouse and Clark say the figure was £21m, plus a further £3m in legal expenses.”

An ‘insider’ was quoted as stating, “The money is in their bank accounts, all they want now is a proper public apology.”

Further consequences

There was further mention of other discredited figures in Rangers bleak recent past whose names are met with consternation by a vast number of the club’s supporters.

“Further admitted cases of malicious prosecution are still to be resolved with Charles Green, former chief executive of Rangers, and former commercial director Imran Ahmad both set to receive compensation likely to run into eight figures in total.”

Meanwhile the COPFS is reported to have said, “The cases are still before the court and in order to respect the processes underway we will not comment at this time. The Lord Advocate has made clear that he will support appropriate public accountability and intends to make a statement to the Scottish Parliament in due course.”

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