The businessman and former Rangers chief executive is one of six men to have appeared in court over the alleged fraudulent acquisition of the Ibrox club.
Green’s lawyers had previously cited clause 8.3 of a “Without Prejudice Compromise Agreement” between Green and Rangers as justification for the club paying his legal costs.
These claims were originally dismissed in November, though Green’s legal team confirmed they would be appealing a few weeks later.
That appeal has now been dismissed at the Court of Session.
Rangers chairman Dave King expressed his delight at the decision and released a statement through the club website, where he stated that Rangers would pursue Green for their own legal costs in fighting this claim.
He said: “I am delighted by this decision. When the new board was installed last year we made a commitment that we would protect Rangers interests at all times and hold those who damaged our Club to account.
“We are unsurprised but delighted that this latest court success brings to an end the unjustifiable claims by Charles Green.
“He is now totally responsible for the cost of defending himself in the criminal case brought against him for his dealings with the Club.
“Furthermore, we will vigorously pursue Charles Green for recovery of the legal costs that we incurred including the £50,000 lodged with the Court as a caution.”
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