SFA seek more detail on Rangers bid

SFA still seeking clarity on identity of Rangers' investors
17 July 2012

The Scottish Football Association will seek more information from Sevco Scotland on the identity and propriety of their investors and directors as talks continue on their application to take over Rangers' membership.

Sevco board members, including chairman Malcolm Murray, are meeting the SFA on Tuesday to discuss issues surrounding their application, including the possibility of accepting sanctions such as a transfer embargo.

The SFA received an information pack from Sevco on June 29, seven days after the company submitted a letter of application to take the place of Rangers after buying the stricken club's assets for £5.5million. But they are still looking for answers.

The SFA banned Rangers owner Craig Whyte from Scottish football for life after he was ruled unfit to hold an official role in the game and subsequently changed their approach to the matter.

In a question and answer session posted on their website, the SFA tackled the issue surrounding the fit and proper person report for the new owners and the identity of the main investors and directors.

The governing body said: "The Scottish FA has received private and confidential documentation from Sevco Scotland Ltd relating to the above.

"We have asked Sevco to provide further supplementary information and will consider that information this week.

"Under new Scottish FA rules, it is a requirement of the outgoing club directors to conduct a full investigation under the fit and proper guidelines.

"Given Rangers FC's insolvency event, it has been incumbent on the administrators, Duff and Phelps, to carry out the necessary checks on the proposed new directors, as well as our own investigations."

Charles Green, chief executive of the Rangers newco, will not attend the meeting as he has set off to meet UEFA officials in an attempt to agree a repayment settlement for the old club's football debts of about £3million.

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