15 Jun 2012
Charles Green-led consortium completes Glasgow Rangers purchase
BY Pete Hayman
Image: Charles Green has acquired Glasgow Rangers
Charles Green, the former chief executive of Sheffield United Football Club, has completed the acquisition of Glasgow Rangers' assets in a deal reported to be worth £5.5m.
A new company structure - The Rangers Football Club - has taken control of the business and assets with immediate effect after Rangers Football Club Plc was liquidated.
It comes as a Company Voluntary Arrangement (CVA) was formally rejected at a meeting of creditors after principal creditor HM Revenue and Customs opposed the proposal.
Details: www.rangers.co.uk (Charles Green statement)
Details: www.rangers.co.uk (Administrators statement)
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