Rangers fined £50k over Whyte ban
Tuesday 28 February 2012
Rangers were fined £50,000 by the PLUS Stock Exchange yesterday, for failing to disclose Craig Whyte's previous disqualification as a director when the businessman completed his takeover in May last year.
Whyte was disqualified in 2000 for seven years but Rangers did not announce this until 30 November, six weeks after the Insolvency Service had confirmed the fact in a BBC documentary. The fine was issued after an investigation by the Stock Exchange, which suspended trading in the club's shares last month.
Regarding his disqualification, Whyte said: "That was disclosed as soon as I was made aware that it needed to be disclosed. It was always a matter of public record relating to events some 16 years ago. Really, this is an irrelevance with everything else that is going on."
Sales of the tablet are set to fall again say analysts
World's most lethal spider found under a bunch of bananas
British supermodel and hitmaker join forces to launch a 'huge song'
I Am Bread could actually a challenging and nuanced title
Latest in Sport
Harry Redknapp: 'Adel Taarabt is about three stone overweight. I can't pick him'
QPR vs Liverpool match report: Liverpool snatch victory in seven late minutes of madness
West Ham manager Sam Allardyce calm over lack of new contract
QPR vs Liverpool player ratings: Who was the star man? And did Mario Balotelli emerge with any credit?
Radamel Falcao: How faith and love drive the Manchester United striker to glory
- 2 Ebola outbreak: What is bushmeat – and is it to blame for the disease that has killed thousands?
- 4 Meet Thea, Norway's 12-year-old child bride
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Sorry Judy Finnigan – Ched Evans is no less sickening than an alleyway rapist
Residents should throw a street party and mix with immigrant neighbours, councils told
Workers 'could be forced to pay £5 a week' to get benefits
Russell Brand threatened with arrest after filming outside Fox News headquarters
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'