Discredited former Rangers figurehead Charles Green will be called to the witness stand to explain why Ibrox Stadium should not have been sold-off.
In a dark reminder of the troubled decade past, the thought of our iconic and sacred home falling into the hands of a glorified estate agent or hedge fund sends a shiver down the spine.
This very situation almost happened on more than one occasion.
In the Daily Record today, the latest move from the liquidation firm BDO, was set out:
“Former Rangers chief executive Charles Green is being asked to give evidence in a £56.8 million action brought by a financial firm over claims Ibrox should have been sold to pay off debt.”
“Green is being called in by the club’s former administrators, David Whitehouse and Paul Clark, over allegations they should’ve sold off the stadium and other assets while in control of the club.”
“Rangers’ liquidator, BDO, have mounted the case against the pair, claiming the lack of an asset sale left less cash to split among creditors.”
“Lawyers acting for Whitehouse and Clark have asked Green to give evidence at the Court of Session.”
“Andrew Young QC told judge Lord Tyre on Monday that solicitors are awaiting for a response from Green, who is believed to live in France”
Charade
The assertion being made is that Whitehouse and Clark, working for Duff and Phelps did not do enough to return value and a greater slice of returns for creditors – that Ibrox as a primary asset should have been sold to add significantly into the pot.
It’s just another episode of the merry-go-round of blame and counter blame that the whole sorry saga has concluded in, with justice and truth sorely lacking.
Rangers and the fans were left broken.
Administrators claiming damages, liquidators claiming not enough was done for creditors and then there is the role and reward of characters like Charles Green, Imran Ahmad, Brian Stockbridge and David Somers, to name but a few.
It really leaves a bad taste.
If Green is required to give evidence, it will likely see more crocodile tears and will enable him to peddle the myth that he was acting in the best interests of the club and Ibrox couldn’t be sold for the sake of the fans, etc…
At that time, we were so close to the edge but thankfully, all of that is now behind us.
We have Dave King and his fellow investors and associates to thank – as well as each and every fan who acted to save the future of Rangers Football Club.
Without that combination of factors, there would be no Gerrard, no 55 and no current joy.
It is a reminder that whilst the club is in safe hands and those in the Ibrox boardroom will not mismanage or corporately neglect Rangers, we must be permanently vigilant to ensure that 2012-2015 can never happen again.