Ellis sues Whyte over Gers share agreement
RANGERS director Andrew Ellis has instructed his lawyers to take legal action against Craig Whyte after claiming he is due a quarter of the club’s shares.
Ellis says he was promised a 24.9 per cent stake in the Ibrox club by Whyte when he completed his takeover last May.
He insists the legal move will not impact on the potential sale of the club, with administrators Duff and Phelps set to name a preferred bidder this week.
Ellis said: “It certainly will not hold up the sale of the club. I’m suing Craig – not the football club.
“I’ve been trying to sort it out for the last nine or 10 months and I haven’t got anywhere so I’ve handed it over to the legal team.”
Ellis is confident he has a strong case, adding: “Without question. I am owed 24.9% of the entire club’s shares and I will be suing Craig Whyte for it.
“This was part of the initial agreement prior to the takeover and I have correspondence to prove it.
“At the time the solicitors sent all the documents through, Craig accepted the fact that I was getting 24.9% of the club.
“My lawyers wrote to Craig on Thursday about this and we are awaiting his response.
“I do not trust his intentions for the football club and I want to do what I can to make sure the best interests of Rangers are being looked after.”
LEGAL ACTION: Ellis