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
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.