Rangers were sentenced to death after HMRC torpedoed Charles Green’s hopes of preserving the club in its current form via a CVA. The Revenue, who are owed over £21million by the beleaguered Ibrox club, rendered Thursday’s scheduled creditors’ meeting a formality by declaring they would oppose the proposal — thus ensuring the liquidation of Rangers Football Club plc, incorporated in 1899. Green had hoped his £8.5m offer would be enough to win the day, but with 38 per cent of the current £55m debt belonging to HMRC and 75-per-cent creditor approval required, their compliance was central to his plans. Scroll down to hear from some Rangers fans
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Rangers to be liquidated
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HMRC say no to a CVA
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Green: 'I've been misled'
We would like to thank the staff and supporters at @placeholder for their great determination and professionalism during a very difficult period for the Club.