Rangers Football Club 0 Posted June 12, 2012 Share Posted June 12, 2012 GREEN feels goalposts have been made as 'policy decision' sees CVA bid fail More... 0 Quote Link to post Share on other sites More sharing options...
caseyjones 0 Posted June 12, 2012 Share Posted June 12, 2012 Lying bastard. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted June 12, 2012 Share Posted June 12, 2012 By Andrew Dickson CHARLES GREEN admits HMRC's decision to reject his consortium's CVA proposal left him speechless and has accused them of giving Rangers fans false hope it would go through. The Yorkshireman's consortium will now look to formalise a takeover of the Light Blues via a NewCo route following a meeting of creditors this Thursday. Green had hoped his group could take control whilst keeping the current company in operation and had been led to believe that was likely to happen. But he feels the goalposts have been moved somewhat and is hugely frustrated by a move which leaves his investors with little option but to revert to an alternative plan. Green was speaking exclusively to RangersTV.tv and you can see interviews with him and administrator Paul Clark from Duff and Phelps on a Blues News special for free tonight. "It's massively disappointing and I think to some extent we have been misled by HMRC," Green said. "Duff and Phelps have consistently said to me that they were in dialogue with HMRC and that they hadn't rejected the CVA route. "Irrespective of what I was being told by HMRC, my own advisors at Deloitte have been in dialogue with them too. "To see them today saying this is a 'policy decision' leaves me speechless. If that's the case, is that a policy that was invented this week? "If not, why weren't we told that in February or March? We could have gone into a NewCo then and saved a huge amount of money and time. "It would also have removed the false hope from Rangers fans. There is no possible way that this is better for creditors. "I've read HMRC's statement which says they've chosen this route so that they can pursue former directors. "I'm not a lawyer but if a former director has done something wrong, he should be pursued. I don't believe turning down a CVA is a price worth paying to pursue previous directors." 0 Quote Link to post Share on other sites More sharing options...
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