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Old 12-06-2012, 12:29 PM #1
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Jayson Jayson is offline
Jaydaughter
Jayson's Avatar
 
Join Date: Jun 2009
Location: London
Posts: 21,725

Favourites:
CBB 10: Mike ‘The Situation’
BB13: Adam


Default Rangers liquidation inevitable

Quote:
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...
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