Regan casts doubt on Sevco membership claims
Yesterday Ibrox chief Charles Green told the Rangers website that he expected to have a licence within 24 hours giving Ally McCoist the go-ahead to start signing players.
This morning however Regan has put a dampener on that by revealing that the issue is far from cut and dried.
He told the Daily Record: “It could possibly be settled in 24 hours but there are still a number of issues to resolve and it will require a lot of action from our lawyers.”
The issue of membership must go before the board of the SFA with time at a premium before Sunday’s Ramsdens Cup tie at Brechin.
The SFL website doesn’t list Brechin’s opponents although tickets have been sold for a fixture against Rangers.
The issue of a name could be one of the problems for the SFA to overcome knowing that Rangers are in liquidation and that HMRC take a tough line on phoenix businesses trading on the goodwill and reputation of liquidated companies.
In the last week Hawick Royal Albert and Kelty Hearts have had to cancel matches against the Ibrox club due to the lack of a licence.
The SPL have no connection to the membership application and still have to deliver a verdict on claims that Rangers made unregistered payments to players through the EBT scheme.
SFA membership normally requires three years of audited accounts but the last audited accounts from Rangers were in June 2010.
The identity of Green’s backers is also unclear with former Rangers defender fearful that Craig Whyte remains involved with the club as well as challenging Green to show him the title deeds to Ibrox and Murray Park.
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