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Martin Bain drops legal action against club


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Indeed!

 

I only hope that he has done this for the reasons stated in the statement and not because of something else that will soon become public.

 

One suspects you know more than you're telling.

 

Out with it... ;)

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FORMER Ibrox chief executive Martin Bain today abandoned his £1.3million legal action against Rangers.

 

His legal firm, Glasgow-based Levy & McRae, confirmed Mr Bain would no longer be suing the club over his suspension last year.

 

He had claimed £1.3m in damages after alleging his contract with Rangers had been breached following Craig Whyte’s takeover.

 

He stressed his legal action had been aimed at owner Craig Whyte and not the club.

 

Through his lawyers, Mr Bain, said: "I strongly recommended on more than one occasion that Craig Whyte should not be allowed to buy the club, based on investigations into the transparency of his background and the responses to the questions asked of him as part of the process.

 

"Unfortunately, that forceful representation was not accepted and when he took over I was suspended and my contract ripped up.

 

"With what has subsequently transpired, it is quite obvious why he disposed of me in the manner he did."

 

The ex-director had £480,000 of the club’s assets frozen in September, pending a settlement.

 

However, Mr Bain has now said he is ready to return this sum – minus his legal expenses – to club administrators.

 

He said: "Events have moved on and the damage inflicted on Rangers Football Club is shocking.

 

"I had no option but to pursue a claim based on Craig Whyte’s actions. The litigation was a response to his actions and not those of Rangers Football Club.

 

"I firmly believed it was important to make sure he would have to explain everything he did in a court of law."

 

"Everyone close to Rangers Football Club knows I am, and always have been, totally committed to the club. That remains my position.

 

"As chief executive and part of the independent board, our job was to assess and highlight to all stakeholders if we believed there was uncertainty over the future financial viability of the club under new ownership.

 

"Unfortunately, the independent board had no legal power to block the transaction and Sir David Murray made it plain he wanted to sell."

 

 

http://www.eveningtimes.co.uk/news/martin-bain-to-drop-legal-claim-against-rangers-1.1155973

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Maybe I'm too gullible, but that's an interesting statement.

 

Especially this: "

I firmly believed it was important to make sure he would have to explain everything he did in a court of law."

 

and sorry, I don't care who you are, but if your illegally removed from your post, I would defend your right to take action any day of the week. I will never stand that business - of heads of businesses - can fuck about with employment law more than they do.

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