Football manager sues advisers for £320k

The former manager of Rangers, Walter Smith, is suing his financial advisers for £320,000 over investments they made on his behalf while he was running the English premier league football club Everton.

The football manager started legal action against Hertfordshire-based Neil Caisley and Gareth Alexander, who were directors of ProVision Financial Consultants until April 2014, when the company was dissolved.

Smith claims the men agreed to return £600,000 they received by way of commission on “financial products” but instead paid him £280,000 of the sum owed. The case is being held in Edinburgh, with the full hearing due at the end of June.

Christopher Copper-Ind
Christopher Copper-Ind is Editor of International Investment.

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