DR - Preferred bidder Charles Green says he's done a deal with taxman

[der Berliner 3,267]

Charles Green claims deal agreed with HMRC

 

CHARLES GREEN claims he has struck a deal with the taxman to take over at Rangers â?? and in a separate move says he will meet Celtic chief Peter Lawwell on Monday.

 

Preferred bidder Green says he has reached informal agreement with HMRC over the partial repayment of Rangersâ?? debts through a Conditional Voluntary Agreement (CVA).

 

And in what will be seen as a highly significant move, he says he will meet Lawwell ahead of a summit of SPL clubs.

 

The SPL meeting on Wednesday will discuss what sanctions will be imposed on Rangers if Green fails to get his CVA agreed and the club have to be re-constituted into a new company.

 

Former Sheffield United chief executive Green said of the planned CVA: â??HMRC have given us the nod but we need it in writing.â?

 

Letters to the clubâ??s creditors seeking agreement to the CVA â?? which will see £8.5million distributed to Rangersâ?? creditors â?? are due to go out on Monday.

 

Green said: â??We are in the very final stages of completing the CVA and thatâ??s expected very, very shortly.â?

 

Green is the first of Rangersâ?? would-be buyers to seek a meeting with the other side of the Old Firm.

 

Lawwell is under pressure from some sections of the Celtic supporters to press for heavy sanctions against Rangers if the Ibrox club go down the newco route.

 

But Green is likely to appeal to Lawwell to do the opposite should the CVA fail to come about.

 

Meanwhile, Green launched an attack on both Craig Whyte and former owner David Murrayâ??s stewardship of the club.

 

He said: â??The problem with the club historically is there has been no corporate governance.

 

â??There was no accountability, no corporate balance.â?

 

He said he will appoint independent directors to the Rangers board, including wealthy fund manager Stephen Adams, a Gers season ticket holder.

 

Green said: â??What we need to do is get people who havenâ??t got shares on the board so they are not influenced by the share holding.

 

â??When they make a decision then itâ??s made on the basis of what is proper and what is right, not what is in David Murrayâ??s interest or that of David Murray holdings or in the interest of Craig Whyte.â?

 

Watchdogs probe Duff & Phelps

 

WATCHDOGS last night launched a probe into Rangersâ?? administrators Duff & Phelps.

 

The Insolvency Practitioners Association are looking into claims of a conflict of interest made in a BBC documentary.

 

The programme suggested Duff & Phelps partner David Grier knew Craig Whyte paid for the club by mortgaging future season tickets to Ticketus.

 

Duff & Phelps deny that are now taking legal action against the BBC.

 

An IPA spokesman said he could not comment on an ongoing investigation. But a source said: â??The IPA are making itself aware of all the circumstances. The allegations made in the BBC documentary are very serious and questions need to be answered.â?

 

Joint administrator Paul Clark said: â??We positively welcome any investigation by the IPA. This will enable the true facts to emerge.â?

 

Sayest the Daily Record

[Guest BarrheadBear]

If we can overturn the transfer embargo then things are looking up

[kuznetsov 0]

Out of admin, start new season with no penalties, keep Aluko and Naismith and that will do for me, for now.

[TheWeeBlueDevil 0]

If we can overturn the transfer embargo then things are looking up

 

once we have a CVA accepted in writing then things are looking good , to overturn the player registration embargo would be the icing on the cake

[Guest bluezulu]

Its only reported in the DR. I dont believe a word thats printed in that rag, look at the article again ,its full of innuendos. I 've said it before but the people who are going to get us out of it are our own. Green is out of his league.

[foggy dewhurst 0]

it all sounds to good to be true what next a tax rebate?

[der Berliner 3,267]

What gives it a touch of credence is Green's quotes:

 

Former Sheffield United chief executive Green said of the planned CVA: “HMRC have given us the nod but we need it in writing.”

 

Green said: “We are in the very final stages of completing the CVA and that’s expected very, very shortly.”

[the gunslinger 3,366]

if green wants a cva and has the cash he will get one. no problem. tbk had a deal in place with ticketus and hmrc for less cash.

[ian1964 10,429]

Good news,if true,a step forward at last

[Max Rebo's Big Blue Nose 0]

Not that it means much but I heard Andy Walker talking postively about Green recently. He was at Sheff Utd when Green arrived and according to Walker he turned Sheff Utd around from a financial basket case to the only debt free team in the Championship