Jayson
12-06-2012, 12:29 PM
Rangers have failed in their attempt to offer creditors a pence in the pound deal after HM Revenue and Customs (HMRC) indicated it would reject it.
The Ibrox club had offered those owed cash a reduced payment deal funded by an £8.5m loan from a consortium led by Charles Green.
On Tuesday, administrators Duff and Phelps confirmed they now expected HMRC to refuse the deal at a company voluntary arrangement (CVA) vote on Thursday afternoon...
Read more (http://news.stv.tv/scotland/105837-rangers-liquidation-now-inevitable-after-cva-bid-rejected-by-hmrc/)
The Ibrox club had offered those owed cash a reduced payment deal funded by an £8.5m loan from a consortium led by Charles Green.
On Tuesday, administrators Duff and Phelps confirmed they now expected HMRC to refuse the deal at a company voluntary arrangement (CVA) vote on Thursday afternoon...
Read more (http://news.stv.tv/scotland/105837-rangers-liquidation-now-inevitable-after-cva-bid-rejected-by-hmrc/)