12 nov 2014 - At a costs hearing at the Court of Session, Charles Green demanded that Rangers honour a contractual commitment to pay his legal fees for his forthcoming criminal trial for allegedly defrauding investors during the £20M initial public offering (IPO) made by the company. It erupted into a discussion about whether Rangers were the same 'club' as that which existed before.

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James Wolffe QC (for RIFC), opposed the motion on the grounds that the 'club' had not passed to Green at the time the offence took place.

This sparked a furious response from Green’s advocate, Jonathan Brown who told the court that his client had signed a severance agreement when he resigned from the board of directors: ” He was prepared to depart the scene without fuss,” but if he was “dragged back in” the agreement was “you pay the lawyers.” He also challenged the idea that a Rangers was the same club noting: “A club can not sign contracts” and that “a club is an undertaking” of its owners and as it “has neither capacity of personality” no-one can be CEO of it.

“The team are paid by Sevco, play at a ground owned by Sevco, are trained by a manager who is employed by Sevco and fans buy tickets from Sevco. That is the business that is being carried on.” Rangers, he argued were “a collection of assets,” noting “What is the players were sold to one person and Ibrox to another, where is the “club” then?”

https://bellacaledonia.org.uk/2015/11/12/mr-green-in-the-boardroom-with-the-truth/

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