El­lis sues Whyte over Gers share agree­ment

Midweek Sport - - THURSDAY APRIL 12 - By DUN­CAN MCQUEEN

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.”

In­ten­tions

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

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