Former Rangers owner Craig Whyte has agreed to sell the book and film rights to his takeover of the club and its subsequent collapse, it has emerged.
• Craig Whyte has agreed to sell off film and book rights to tell the story of his takeover of Rangers and the subsequent collapse of the club
• Stock exchange announcement reveals that legal claim against Charles Green listed among Whyte’s company assets, of which 26 per cent have been sold to Worthington Group plc
Details of the deal were revealed by a stock exchange announcement by Worthingon Group plc, who have bought a 26 per cent stake in Law Financial Limited - one of Whyte’s companies.
Assets of Law Financial Limmited outlined in the statement include Whyte’s legal action against Charles Green contesting the ownership of Rangers.
The statement continued: “It has also been agreed that, pursuant to the agreement certain other related rights, assets and causes of action will be transferred to the Law Financial Group or directly to Worthington.
“Those assets include the Book, Film and Television rights to the two takeovers of The Rangers Football Club in 2011 and 2012 as it relates to Craig Whyte.
“It is intended that these rights will be commercialised in due course.”
Craig Whyte purchased a debt-saddled Rangers from Sir David Murray in May 2011. Under Whyte’s stewardship, the club was placed under administration the following year in February.
The legal claim launched by Whyte contests a version of events given by Green that Sevco Scotland Limited purchased Rangers’ assets for £5.5m - Whyte claims this was done through another company, Sevco 5088 Limited, which Whyte insists he was in charge of.