The liquidators of Rangers have launched a multi-million pound legal action against the company’s former administrators.
BDO today confirmed a claim has been lodged against Paul Clark and David Whitehouse, of accountancy firm Duff & Phelps, at the Court of Session in Edinburgh.
It is understood BDO are seeking up to £28.9m following Clark and Whitehouse’s handling of the administration process.
The Ibrox club entered administration in February 2012. Four months later the company’s business and assets were sold to a consortium led by Charles Green for £5.5m.
(Photo: Daily Record)
BDO were then appointed as liquidators and have since conducted a review of the events leading up to administration through to the sale of the assets.
In November 2014, BDO agreed a settlement for £24m in a claim against Collyer Bristow.
The legal firm acted for Craig Whyte in his purchase of Rangers Football Club plc from Sir David Murray in May 2011.
A BDO spokesman said: “The Joint Liquidators, following extensive deliberations with their professional advisors and the Liquidation Committee, have taken the decision to issue a claim against the former Rangers’ Administrators Paul Clark and David Whitehouse, of Duff & Phelps.
(Photo: SNS Group)
“During the course of the liquidation, questions have arisen regarding the strategy previously adopted by the former Administrators, which have not, to date, been adequately answered.
“In seeking clarity, the Joint Liquidators have been left with no other option but to pursue the matter via the Scottish Court.
“The Joint Liquidators look forward to the resolution of this matter.”
Criminal charges against Clark and Whitehouse relating to their involvement with Rangers Football Club plc were dropped last June.