09-09-2014, 16:52
Andy Newport @Andythemod9 3 mins
Latest on Rangers v Ahmad case: Warrant to ring fence cash has NOT been actioned as of now. But Ahmad DOES retain right to do so & could.../ /freeze cash sometime before Friday's deadline for open offer. Case due to be heard on November 11 but Rangers hoping to find sooner date
Agreement between Rangers/Ahmad seems to have happened. Cash is clearly not ring-fenced as of no.
Rangers statement is confusing, granted.
Latest on Rangers v Ahmad case: Warrant to ring fence cash has NOT been actioned as of now. But Ahmad DOES retain right to do so & could.../ /freeze cash sometime before Friday's deadline for open offer. Case due to be heard on November 11 but Rangers hoping to find sooner date
Agreement between Rangers/Ahmad seems to have happened. Cash is clearly not ring-fenced as of no.
Quote:But Lord Stewart decided that granting Rangers the right to appeal would "facilitate the raising of fresh capital" through the open offer and ultimately "benefit both parties".
He also urged Rangers to come to a deal with Ahmad over security for the sum while the sides wait for the case to return to court.
The warrant freezing the cash has also been lifted while a date for the appeal is set.
Rangers statement is confusing, granted.