In February 2012 Rangers entered administration because of a problem with tax with HM Revenue and Customs. On 14 June 2012, the parent company that owned the club was forced into liquidation following the rejection of a proposed Company Voluntary Arrangement, and the club's assets, including Ibrox Stadium and Murray Park, were bought by The Rangers Football Club Ltd - a consortium led by Charles Green, a former chief executive of Sheffield United. The club applied to register with the Scottish Football Association and to participate in the Scottish Premier League. The new company's application to join the SPL was rejected in a vote by the other members of the league. In a separate vote by the members of the Scottish Football League, they were invited to play in the Third Division of the Scottish Football League structure. Since then, they have been promoted back to the top division.