The legal implications of the previous company that owned the club's liquidation featured prevalent in the news in July and November. In the summer, HM Revenue and Customs lost its appeal over the previous club's owners use of Employee Benefit Trusts but was granted leave to appeal a month later. Meanwhile, Rangers former chairman Craig Whyte was banned from being a company director for 15 years in September and a warrant was issued for his arrest a month later, he appeared in court facing charges under the Companies Act but was released on bail. Four men have appeared in court charged with fraudulent activity following a probe into the sale of Rangers in 2011.