Charles Green could be moving closer to a takeover of Rangers after claiming he has reached an agreement with Her Majesty's Revenue and Customs over the Ibrox club's debts.

Green, the preferred bidder for Rangers, said he has an informal deal in place with HMRC to repay the debts in part through a Conditional Voluntary Agreement (CVA).

"HMRC have given us the nod but we need it in writing," the former Sheffield United executive told the Daily Record. "We are in the very final stages of completing the CVA and that's expected very, very shortly."

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