And so the various theories and speculations, including mine, that Mr Whyte would happily allow his sequestration (bankruptcy) to pass prove unfounded.
STV reported this afternoon that the petition for his sequestration lodged by Harper MacLeod, his former solicitors, was dismissed, with Mr Whyte ordered to pay £613.13 of court expenses.
By implication therefore he has reached agreement to pay, and has indeed paid, an acceptable sum to his former solicitors. If payment was still awaited, the case would have been continued to allow settlement to take place.
One wonders who else might join the queue of his creditors, along with Bannatyne Kirkwood & France, another of his former lawyers.
After all, when Mr Whyte owned Rangers Football Club PLC, it was the creditors who took action early, such as Donald McIntyre and Levy & McRae, who were paid. The rest joined the long list of creditors seeking a dividend from disposal of the assets by the administrators.
I am not sure how this agreement to settle the matter will fit with those who see an evil conspiracy involving Harper MacLeod, Mr Whyte and the Scottish football authorities to the detriment of Rangers football Club, but I am sure thought will be given to how this matter fits that scenario.
Harper MacLeod and Mr Whyte, for their own separate reasons, almost had the matter dealt with without publicity, but the openness brought by publication fo the court lists meant that that was not possible.
Maybe, after all, Mr Whyte was able to deploy some of his “off the radar” wealth to pay off the legal bill!
Posted by Paul McConville