Huffpost UK uk

Rangers Football Club Fined Over Owner Craig Whyte's Director Disqualification

Posted: Updated:
Rangers were docked ten points for plunging into administration
Rangers were docked ten points for plunging into administration

Rangers have been fined £50,000 by the Plus stock exchange after they failed to disclose owner Craig Whyte had been previously disqualified as a director.

BBC Scotland investigated Mr Whyte's history, which prompted the London-based exchange to commence an inquiry.

The programme broadcast in October revealed that Mr Whyte had been banned from being a company director for seven years in 2000. Rangers did not announce this until 30 November, six weeks after it had been confirmed by the Insolvency Service in the BBC documentary. Last month the exchange suspended trading of Rangers shares after accounts were filed late.

The expose can still be watched online:


Graham Spiers
If you get a spare 30 mins it is worth watching again BBC/Mark Daly’s brilliant expose of Craig Whyte from October..

A PLUS statement read: "The amount of the regulatory fine has been determined taking into account a range of factors including, but not limited to, the seriousness of the rule breach and the circumstances of Rangers FC."

Two weeks ago Rangers were placed into administration over an unpaid tax bill.

Around the Web

Craig Whyte used £24m season ticket money to pay bank | Mail Online

Craig Whyte admits he lied over Ticketus deal for Rangers takeover ...

Rangers' administrators give dossier on Craig Whyte takeover to ...

Rangers fined £50000 over Craig Whyte's director ban

Rangers owner Craig Whyte tracked down to his five-star bolthole in Monaco