Football

Rangers sale confirmed

Rangers sale confirmed (©GettyImages)
Rangers sale confirmed (©GettyImages).

A deal to sell Rangers has been signed and sealed after a consortium fronted by former Sheffield United chief executive Charles Green saw an unconditional offer accepted by administrators.

Green's group has an "irrevocable" contract after paying an exclusivity fee and, unlike former preferred bidder Bill Miller, cannot now back out.

The group plan to put a Company Voluntary Arrangement (CVA) proposal to creditors this month with a target date of June 6 for it to be decided.

Copyright (c) PA Sport 2012, All Rights Reserved.

Topics:
Football
Sheffield United

Article Comments

Trending

Read more