RANGERS FC was sold to Charles Green s Sevco consortium after its financial collapse for at least a fifth of its fair value - with the club s brand worth over £16m given away for nothing. The revelations have come through financial papers seen by our sister title, the Herald as the liquidators of Rangers oldco BDO sue the former administrators of the business for £56.8m claiming a seriously flawed strategy in raising money for the thousands owed money from the 2012 insolvency. Evidence provided to the Court of Session reveals that while the business and Rangers assets such as Ibrox, the Murray Park training facility, trademarks and the players were bought by Sevco for £5.5m, a fair value assessment to the group carried out on the day of the Sevco purchase was put at nearly five times that - £27.2m.
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