Football

Craig Whyte faces ownership ban

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The man who left Rangers in ruin faces a 15-year ban from directing a company after the business secretary Vince Cable brought a case against him under Company Directors Disqualification legislation.

Craig Whyte, who forced the club into liquidation and administration, is looking to fight the case, when it is called at the Court of Session in Edinburgh next Friday.

If found guilty, the 43-year-old will be banned from between two and 15 years, under UK business law, according to the Daily Record.

Rangers fans celebrated when Whyte bought Rangers for £1 from Sir David Murray and took over controlling interest and chairmanship in May 2011.

But Whyte then stopped paying PAYE tax, despite deducting it from the pay roll. He also paid off the bank by mortgaging £18 million in future ticket sales.

In February 2012, he was forced to put Rangers into administration because of unpaid PYE and VAT. It was then discovered that the club owed £9 million in PYE tax. The Gers were then liquidated.

Consequently, Rangers were ousted by the Scottish Premier League (SPL). The side was then accepted into the Scottish Football League (SFL) and dumped into the Irn-Bru Third Division.

Whyte has previously been banned from directing a company for seven years, in 2000. 


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This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.

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