Former Rangers chief executive Charles Green has lost his court battle with Rangers after he claimed the Ibrox side were contractually obliged to pay the costs of his defence against criminal proceedings brought against him.
However, Lord Doherty dismissed Green’s claims stating that Rangers did not need to pay Green’s fees as the criminal proceedings against Green did not fall within clause 8.3 of ‘Without Prejudice Compromise Agreement’.
Clause 8.3 provided: “The Company will pay any reasonable professional (including, without limitation, legal and accounting) costs and expenses properly incurred by the Employee after the date of this Agreement which arise from having to defend, or appear in, any administrative, regulatory, judicial or quasi-judicial proceedings by a third party as a result of his having been Chief Executive of The Rangers Football Club or the Company.”
Green was forced to resign as Rangers chief executive in April 2013 following allegations of links with former owner Craig Whyte. He was also fined by the Scottish FA after making racist remarks in a newspaper article about former Rangers commercial director Imran Ahmad.
He returned to the club as a ‘paid consultant’ only to leave soon after following a backlash from fans.
Green, along with former owner Craig Whyte and a number of others, appeared at Glasgow Sheriff Court earlier this month after they were charged with the alleged fraudulent acquisition of Rangers.
The Yorkshireman could appeal today’s verdict.
