Green’s consortium completes Rangers purchase deal

The English businessman leading efforts to buy Rangers says he

has completed the purchase of the indebted Scottish football


Charles Green, who is leading the Sevco consortium that was

given preferred bidder status last month, made the announcement

shortly after former Rangers manager, Walter Smith, launched a

takeover bid on Thursday for the 140-year-old club.

Green did not mention Smith’s bid in a statement that said his

group had ”completed the purchase of the business and assets of


British tax authorities rejected a deal on Tuesday to save

Rangers from bankruptcy as they seek to pursue individuals for

money owed.

Rangers’ tax debts of 21 million pounds ($32.5 million) are

among the club’s liabilities.

The status of Rangers in the Scottish Premier League next season

is not clear.