Sport : Football

TICKETUS BEGIN LEGAL ACTION

11th May 2012, 07:07pm

Bet with SkyBet  Scottish Premiership. Click here to bet.

Craig Whyte: Rangers majority shareholder

Craig Whyte: Rangers majority shareholder

Ticketus have formally launched legal action against Craig Whyte over money owed to them by administration-hit Rangers.

Majority shareholder Whyte has revealed he gave personal guarantees to the investment firm over capital issued to the club on the basis of future season ticket sales.

Documents from a previous court case showed Ticketus had made two payments to Rangers, one in May last year and one in September, which were worth more than £30million when VAT was added.

The initial payment, worth £24.4million in total, was used by Whyte to pay off the club's bank debt.

With money from ticket sales last season clawed back, Ticketus are owed £26.7million, according to a report by administrators.

A statement from the London-based firm said: "Ticketus today confirms that it has made demand pursuant to the guarantees provided by Craig Whyte and The Rangers FC Group Limited, formerly named Wavetower Limited.

"In addition, demand will be made against Liberty Capital Limited.

"These guarantees form part of the additional protection built into the ticket purchase agreement that Ticketus made with the club in May 2011. As previously stated, Ticketus will claim upon these guarantees to recover any potential shortfall in monies owed to Ticketus by the club."

Bet with SkyBet  Scottish Premiership. Click here to bet.

Football Videos

    Deeney delighted with Capoue

    Deeney delighted with Capoue

    06-July-2015

    Watford striker Troy Deeney admits he's deilghted with new summer signing Etienne Capoue. Deeney feels Watford have all the attributes to survive in the Premier League.

    Redknapp - Kane shouldn't leave

    Redknapp - Kane shouldn't leave

    06-July-2015

    Former QPR manager Harry Redknapp believes Harry Kane is already at a big club and should stay put. Redknapp also gives his verdict on whether Charlie Austin will stay or leave Loftus Road.

    Scottish League Cup draw

    Scottish League Cup draw

    06-July-2015

    Rangers new boss Mark Warburton will kick-off his campaign with the Glaswegian club against Peterhead at home. Other selected fixtures include Hearts v Arbroath.

    The Transfer Centre

    The Transfer Centre

    06-July-2015

    All the latest from the summer transfer window brought to you by Sky Sports News HQ.

    Sky Bet

      • Retrieving latest Sky Bet odds

    Facebook Favourites