Craig Whyte’s Sevco firm win legal fees in Gers £5m

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Ex-Rangers chief Craig Whyte’s Sevco firm win legal fees in Gers £5m buy-out deal court battle

The former owner's ex-firm Sevco 5088 were 'deprived of the opportunity' to buy Gers back in 2011 when Charles Green's Sevco Scotland swooped.

EX-Rangers chief Craig Whyte's former company has been awarded legal fees by a London judge over the Gers buy-out deal in 2012.

Sevco 5088 was created by Whyte in a bid to purchase the Glasgow club.

The tycoon had originally used Wavetower firm to buy the Light Blues from Sir David Murray in 2011 for just £1 before the financial trouble in February 2012.

However as Whyte entered into talks under Sevco 5088, the firm claim they were "deprived of the opportunity" to make the purchase when another company - Sevco Scotland - was set up by one of its directors to buy Gers instead.

Charles Green is alleged to have moved more than £5million from 5088 into Sevco Scotland to buy the Glasgow outfit.

Former finance chief at Ibrox, Imran Ahmad, is alleged to have helped Mr Green buy the club from administrators while it is claimed he was acting as a "de facto director" of Sevco Scotland.

He denies these claims.

Mr Ahmad is understood to have snubbed letters from Sevco 5088's legal team until a London judge backed the former's claims in the £5.1million suit.

After he submitted a statement outlining why he should not repay the cash, this was accepted late by Deputy Master Andrew Bartlett QC - but legal team fees were ordered to be paid.

Daily Record report that Bartlett said during his judgement: "This case concerns the transfer of the Rangers Football Club in 2012.

"There is no doubt that Sevco Scotland operated the club.

"The claimant’s case in simple terms is that this was a theft of the opportunity to acquire the club from it – which was prepared by Mr Green and Mr Ahmed and that Mr Green and Mr Ahmad simply diverted this opportunity to a different company and deprived the claimant of it."

An initial £32,000 fee was suggested but it is understood that amount will be reduced.

Craig Whyte is no longer involved with Sevco 5088 and therefore not an active participant of the case.

Aidan Earley, Douglas Ware, Henderson and Jones Ltd and Law Financial Ltd are current directors of Sevco 5088.

We recently told how Craig Whyte's lawyer Paul Kavanagh claimed the ex-chief could sue over the Ibrox fraud case.

Mr Whyte, 48, was cleared at the High Court in Glasgow of taking over Rangers by fraud following a trial.

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