Rangers face winding-up order

**Mr Olympia** · 7th February 2013

Rangers are being chased for a disputed bill of about £400,000

The company which runs Rangers Football Club faces the prospect of a winding-up order over an unpaid bill, despite denials from the club.

BBC Scotland understands no agreement has been reached between Rangers and a Singapore based company, Orlit Enterprises. That is despite a spokesperson for Rangers saying a deal had been reached subject to paperwork. It is thought two disputed bills amount to around £400,000.

BBC Scotland understands Orlit Enterprises are investigating the possibility of raising a winding up order against the company which currently runs Rangers within the next seven to 10 days, if the dispute continues.

Orlit Enterprises is run by the Singapore-based businessman Chan Fook Meng. He is a former business associate of the current Rangers chief executive Charles Green.
Mr Green is a former chairman of Mr Chan's company, Nova Enterprises. That company is also linked to current Rangers finance director Brian Stockbridge, who was an advisor during his time at the stockbrokers Allenby Capital when it was called Tembusu Investments Ltd.

The BBC spoke to Mr Chan from Singapore this morning. He offered no comment on the matter. Nova Enterprises' UK solicitors Pritchard Englefield said they couldn't comment on any of their clients.

Allenby Capital told the BBC their company is not involved in this dispute and they have no interest in Rangers Football Club.
In a statement Rangers said the "the sums sought are insignificant", an agreement over payment had been reached and there was "no threat to the Club whatsoever".
The dispute does not concern the "old-co" RFC 2012 plc which was liquidated after Charles Green's consortium bought the assets of the football club out of administration in 2012.