Thursday 27 November 2014 11:45, UK
A High Court Judge has issued an arrest warrant for former Rangers owner Craig Whyte.
Neither Whyte, who bought the Glasgow club for £1 from Sir David Murray in May 2011, nor his legal team were present at the hearing in London, the fourth such hearing Whyte has missed.
Mr Justice Newey has attached a custodial order of 28 days to the warrant, effectively meaning the Motherwell-born businessman faces arrest and the potential of up to four weeks in jail should he return to the United Kingdom.
The hearing relates to a case involving finance firm Ticketus, which Whyte lost, and the court heard that he now owes more than £20m.
In a statement to Sky Sports News HQ, Ticketus said: "Today’s court hearing is part of Ticketus’ continued activity to enforce its judgment of April 2013 for damages of £17.7 million plus interest and costs against Craig Whyte, as it looks to recover funds for its investors.
"This reflects the total amount Ticketus invested through the ticket purchase agreement it entered into with Rangers Football Club under Craig Whyte's ownership.
"Ticketus confirms that the Court today issued a warrant for Craig Whyte's arrest, having previously issued a suspended committal order on 29 September 2014 returnable today.”
This case is separate to the ongoing Police Scotland investigation which is looking into the takeover of Rangers back in 2011.
On Tuesday of this week a spokesman for Whyte said he 'intends to return to the UK and do all he can to help police with its inquiries'.
