Rangers to take step towards liquidation
Rangers will take a step towards liquidation today when the club's prospective owner Charles Green has an offer to creditors officially rejected at a meeting at Ibrox.
Her Majesty's Revenue and Customs have already confirmed they will oppose the Company Voluntary Arrangement proposal, ensuring it does not achieve the 75% backing required.
The vote is therefore academic but some of the unsecured creditors, who are collectively owed at least £55million, will at least get the chance to quiz the administrators and Green about the club's situation. Green now plans to push through a £5.5million purchase of the club's assets.
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