The Daily Record has dramatically turned against Charles Green revealing that one of his potential investors was jailed for a £1.5m VAT fraud.
Under the headline ‘Ibrox chiefs roll out red carpet for £1.5m tax fraudster’ the Record explains how Sandy Easdale, who runs McGill’s Bus Services, was personally shown around Ibrox and Murray Park by Green as he attempts to bring in investors for a proposed £20m share issue.
Despite announcing plans to list on the AIM on October 12 Green has still to publish a prospectus which added to the absence of any audited accounts could see the share issue pushed back into the new year.
Easdale was jailed in 1997 with Rangers unconcerned when the Record contacted them to highlight that fact.
A club spokesman said: “We are fully aware of Mr Easdale’s past and take the view that this was a long time ago. He served his time and paid his debt.
“Our view of Mr Easdale is that he is a respected figure in Scottish business circles and an employer of 1000 people across the country. He also likes his football.
“Many faces from the business community are expressing an interest in investing in Rangers.”
“Mr Easdale was one among a number of potential investors who were given a guided tour of facilities by Mr Green. The group were given a presentation by Mr Green on Monday morning.”
It’s believed that over £20m has already been pledged by individuals towards the share issue with Green hosting a number of presentations and meetings with London-based institutions in recent weeks.
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