Whyte agrees to sell film rights to Rangers collapse

[djbroxybear 0]

Former Rangers owner Craig Whyte has agreed to sell the book and film rights to his story of his takeover and the financial collapse of the club.

 

In an announcement to the stock exchange on Wednesday, Worthington Group plc announced that it had acquired a 26% stake in Law Financial Limited, one of Mr Whyteâ??s companies.

 

The group said the assets of the firm include the legal action Mr Whyte launched against current Rangers chief executive Charles Green, who he has accused of acting as a "front" for him last summer.

 

In the stock exchange announcement, Worthington Group said: "It has also been agreed that, pursuant to the agreement certain other related rights, assets and causes of action will be transferred to the Law Financial Group or directly to Worthington.

 

"Those assets include the book, film and television rights to the two takeovers of The Rangers Football Club in 2011 and 2012 as it relates to Craig Whyte. It is intended that these rights will be commercialised in due course."

 

Mr Whyte purchased an 85% stake in Rangers from Sir David Murray for £1 in May 2011. The club was placed into administration last February with debts of up to £124m, including £18m of unpaid tax following Mr Whyteâ??s takeover.

 

Mr Greenâ??s consortium purchased the assets of the club through the newco Sevco Scotland Limited in a £5.5m deal last June. Mr Whyte is contesting this, claiming the deal was struck by administrators Duff and Phelps with another firm, Sevco 5088, which he claims to be behind.

 

Rangers have announced they are preparing a file to submit to Police Scotland on Mr Whyte and his associate Aidan Earley's conduct.

 

Worthington, which purchased the stake in Law Financial Ltd for £250,000 in convertible loan notes, said the company "has a number of subsidiaries, namely Sevco 5088 Ltd, Law Capital Ltd, Litigation Capital Ltd and Media Litigation Ltd."

It has the option of buying out Mr Whyteâ??s stake in the firm until October 31 this year.

 

Douglas Ware, chief executive officer of the Worthington Group, added: "We believe that the transaction contemplated by this announcement gives the company a major opportunity to increase shareholder value and thus to strengthen the company's balance sheet, enabling the company to look at additional opportunities as they arise."

 

http://news.stv.tv/s...ngers-collapse/

[Blue Moon 1,293]

This has made me laugh. The guy is a crackpot. It will give the obsessed something to see.

[ian1964 10,724]

Former Rangers owner Craig Whyte has agreed to sell the book and film rights to his story of his takeover and the financial collapse of the club.

 

In an announcement to the stock exchange on Wednesday, Worthington Group plc announced that it had acquired a 26% stake in Law Financial Limited, one of Mr Whyte’s companies.

 

The group said the assets of the firm include the legal action Mr Whyte launched against current Rangers chief executive Charles Green, who he has accused of acting as a "front" for him last summer.

 

In the stock exchange announcement, Worthington Group said: "It has also been agreed that, pursuant to the agreement certain other related rights, assets and causes of action will be transferred to the Law Financial Group or directly to Worthington.

 

"Those assets include the book, film and television rights to the two takeovers of The Rangers Football Club in 2011 and 2012 as it relates to Craig Whyte. It is intended that these rights will be commercialised in due course."

 

Mr Whyte purchased an 85% stake in Rangers from Sir David Murray for £1 in May 2011. The club was placed into administration last February with debts of up to £124m, including £18m of unpaid tax following Mr Whyte’s takeover.

 

Mr Green’s consortium purchased the assets of the club through the newco Sevco Scotland Limited in a £5.5m deal last June. Mr Whyte is contesting this, claiming the deal was struck by administrators Duff and Phelps with another firm, Sevco 5088, which he claims to be behind.

 

Rangers have announced they are preparing a file to submit to Police Scotland on Mr Whyte and his associate Aidan Earley's conduct.

 

Worthington, which purchased the stake in Law Financial Ltd for £250,000 in convertible loan notes, said the company "has a number of subsidiaries, namely Sevco 5088 Ltd, Law Capital Ltd, Litigation Capital Ltd and Media Litigation Ltd."

It has the option of buying out Mr Whyte’s stake in the firm until October 31 this year.

 

Douglas Ware, chief executive officer of the Worthington Group, added: "We believe that the transaction contemplated by this announcement gives the company a major opportunity to increase shareholder value and thus to strengthen the company's balance sheet, enabling the company to look at additional opportunities as they arise."

 

http://news.stv.tv/s...ngers-collapse/

 

Is this April fools day?,what a load of pish!.

[26th of foot 6,082]

It's a two man, one scene film.

 

Marty Feldman plays Craig Whyte and Andy Serkis reprises his most famous role as Chris McLaughlin.

 

Act 1, Scene 1 : Chris McLaughlin in narrow focus utters, "ah pyoor fcuking hate Rangers". Craig Whyte replies, "ah'm a daftie".

[ian1964 10,724]

Seriously!,how are the likes of these cants allowed to write any old pish!

[Frankie 8,564]

 

No-one else for the part than Steve Buscemi!

[der Berliner 3,745]

I would assume that Rangers will have a legal word or two to say before Whyte writes a book or makes a film utilizing the club's name.

 

Why is Whyte still on the loose, BTW?

[Zappa 0]

In a galaxy, far far away.....

[forlanssister 3,114]

Worthington Group is a Whyte/Earley production with some interesting and familiar bit part players.

 

It was the source of the Jerome Pension Fund money found in the Collyer Bristow client account.

 

One of the major shareholders is Manchester businessman Joe Dwek long time friend and business associate of Richard Hughes of Zeus Capital.

 

Former director Michael Edelson aka "The shellmeister" resigned from the Sheffield United board to be replaced by a certain Charles Green.

 

http://www.gersnetonline.co.uk/vb/showthread.php?43968-time-for-Mr-green-to-answer-some-questions/page2

[The Real PapaBear 0]

 

No-one else for the part than Steve Buscemi!

 

great call!