Regan backing off from Sevco enquiry
Almost a month after an internal investigation from Pinsent Masons was delivered to the Ibrox boardroom the SFA are unsure whether further questions need to be asked despite the club acknowledging that they had received a letter before claim from Sevco 5088 after the report had been completed.
At the heart of the matter is how the club assets were transferred from Sevco 5088 to Sevco Scotland. Green has admitted to deceiving Whyte over the matter and recently revealed that legal action could run for a decade or more.
Green is believed to have told the SFA that Whyte had no interest in the newco but successful legal action from the former Motherwell born billionaire would blow that pledge out of the water.
Discussing the situation after the SFA AGM, Stewart Regan said: “We said at the outset there were a number of questions the club had to answer. That remains the case.
“We also said we needed to see the report being carried out by Pinsent Masons. I can confirm we have now seen that report.
“A formal brief will go to the Scottish FA on that particular subject towards the end of this month. We will decide what steps we’ll take if any.
“I think it is hugely important for Scottish football that we don’t have yet another summer of acrimony, bitterness, falling out and unhappiness amongst supporters and club staff alike.
“We’ve got to move forward and do whatever we can, collectively, to get the game right in Scotland.”
It’s highly unlikely that the SFA will carry out their own investigation since any negative findings would reflect badly on those involved in granting Green associate membership.
However Whyte’s threat of legal action and the continuing war within the Ibrox boardroom are likely to derail Regan’s wish to ‘move forward collectively to get the game right in Scotland.’