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
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.