Aye but its ok because he saved us right? John AS well as investigating why Green was selected as preferred bidder when he took over at Ibrox in 2012, police want to know where large sums of money disappeared to during the Yorkshiremans reign at Ibrox. Ibrox-gates.png Getty Images DETECTIVES have widened their investigations into the Rangers saga to probe the Charles Green buy-out and a subsequent £70million cash burn. Record Sport can reveal officers last week spent two days in London interviewing key individuals linked to Green’s chaotic reign. It’s understood former chairman Malcolm Murray was one of those quizzed as a witness by the cops – who recently charged former owner Craig Whyte with fraud as part of a separate investigation into his initial takeover . Green appointed Murray to the Ibrox board within days of completing his controversial £5.5m purchase of the club’s assets in a deal with administrators Duff and Phelps. Duff and Phelps joint administrator David Whitehouse joins Charles Green (right) in addressing the media after having his consortiums bid for Rangers accepted. May 2012 VIEW GALLERY But the pair clashed repeatedly behind the scenes and Murray survived a number of attempted boardroom coups before finally being replaced as chairman by former manager Walter Smith in May 2013. During this time Yorkshire businessman Green launched a hugely successful IPO raising more than £22m from selling new shares to institutional investors as well as Rangers supporters. Now, as well as investigating why Green was selected as preferred bidder in the first place, the police want to know where large sums of that money disappeared to over the course of the next few months. Earlier this year former Rangers chief executive Graham Wallace, as part of a 120-day business review, calculated that almost £70m had been spent by the club in the 18-month period following Green’s takeover.
Posted on: Mon, 08 Dec 2014 07:57:29 +0000
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