UK tax authorities push for Rangers’ liquidation

An English businessman trying to buy Scottish football club

Rangers says British tax authorities have rejected a deal that

would save one of the country’s biggest football clubs from

bankruptcy.

Charles Green, who is leading the Sevco consortium that was

given preferred bidder status last month says he is ”hugely

disappointed” at the failure to approve the deal that could

prevent the 140-year-old club from going into liquidation.

Rangers entered bankruptcy protection in February following a

long-running dispute with British tax authorities, which are owed

21 million pounds ($32,5 million).

Their statement Tuesday says the decision to force liquidation

does not ”prejudice the proposed sale of the club,” but allows

them to pursue individuals for the debt.

Green says he will now push ahead with plans to buy the club’s

assets and form a new company.