Craig Whyte in line for £5m liquidation payout as HMRC is set to lose out on Rangers tax case payback
FORMER Rangers owner Craig Whyte is in line for a £5 million payout from the liquidated funds of the company which owned the club while the tax authorities, owed more than £90m, are not expected to receive a penny- reports the Sunday Herald
It comes as it emerged a claim over the whole of the £15 million pot to be distributed to creditors of the liquidated Rangers oldco is being resurrected.
News of the legal bid came after Whyte was cleared of fraud and financial assistance in the 2011 takeover of the club - the only apparent obstacles in the way of a successful bid.
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