aftershock 0 Posted February 27, 2012 Share Posted February 27, 2012 http://www1.skysports.com/football/news/11788/7551427/Rangers-fined-by-stock-exchange Rangers have been hit with a £50,000 fine by the PLUS Stock Exchange for failing to disclose Craig Whyte's previous disqualification as a director when the businessman completed his takeover of the club in May last year. Whyte was disqualified in 2000 for seven years but Rangers did not announce this until 30th November, six weeks after the Insolvency Service had confirmed the fact. Rangers have been issued with the fine and a public censure following an investigation by the stock exchange, who suspended trading in the club's shares last month because of their failure to publish audited accounts. A statement from PLUS read: "The amount of the regulatory fine has been determined taking into account a range of factors including, but not limited to, the seriousness of the rule breach and the circumstances of Rangers FC." PLUS revealed Rangers had sought to challenge their disciplinary ruling on 14th February, the day they went into administration, but administrators Duff and Phelps withdrew the referral to the disciplinary committee last week. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted February 27, 2012 Share Posted February 27, 2012 Don't know who was going to disclose this apart from Whyte himself. 0 Quote Link to post Share on other sites More sharing options...
Super_Ally 0 Posted February 27, 2012 Share Posted February 27, 2012 The charlatan should be liable. When Whyte bought Rangers, whyte effectively was Rangers. How would the club know he was dq'ed unless he told others at the club and even then as the majority shareholder or whatever it would still be down to him to have announced this. How does sanctioning the club he takes over and leaves in the shit reprimand the right people and how were we to avoid this without him declaring himself. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted February 27, 2012 Share Posted February 27, 2012 Get to the back of the cue Mr Plus Man and wait your turn. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,553 Posted February 27, 2012 Share Posted February 27, 2012 The charlatan should be liable.. SDM or CW? We've had our share! 0 Quote Link to post Share on other sites More sharing options...
biggordy 0 Posted February 27, 2012 Share Posted February 27, 2012 Get to the back of the cue Mr Plus Man and wait your turn. Non preferential creditor ? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted February 27, 2012 Share Posted February 27, 2012 Whyte should definitely be personally liable for the £50k and he owes the club almost £250k for the Arsenal shares too. His personal debts to Rangers are growing quickly. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted February 27, 2012 Share Posted February 27, 2012 For anyone who wants to read the full 4 pages of the Disciplinary Notice from the stock exchange, you can find it here - http://www.plus-sx.com/infostore/Company-Accounts/RangersFootball/RangersFCDisciplinaryNoticeFeb2012.pdf 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,553 Posted February 27, 2012 Share Posted February 27, 2012 For anyone who wants to read the full 4 pages of the Disciplinary Notice from the stock exchange, you can find it here - http://www.plus-sx.com/infostore/Company-Accounts/RangersFootball/RangersFCDisciplinaryNoticeFeb2012.pdf They can't get the spelling of our stadium correct. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,553 Posted February 27, 2012 Share Posted February 27, 2012 It seems that it's not just the fact that it wasn't dislciosed but also the fact that the club didn't publicly disclose it even when it became public knowledge. Another example of Whyte acting as if rules don't apply to him. 0 Quote Link to post Share on other sites More sharing options...
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