Charles Green and Rangers' administrators, Duff and Phelps, have hit back at Ibrox director Dave King who has urged fans to reject the Company Voluntary Arrangement (CVA) which is hoped will save the Govan club from liquidation.
South Africa-based King, the second largest shareholder at Rangers, has also called on Gers fans not to renew their season tickets until Green, who is leading the consortium in place to take over Rangers, reveals the details of his plans. Green's group has pledged £8.5million to the creditors who will be able to vote on the CVA next Thursday.
The former Sheffield United chief executive retaliated to King's statement, labelling it "scurrilous and scaremongering". He said: "Mr King's statement is breathtaking in its arrogance and is destructive to the interests of the club."
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