Ecclestone, HMRC At Odds Over Tax Bill Spanish Club Girona On Verge Of Sale Crystal Palace Takeover Talks Break Down Rangers Chair Expects To Invest $30M Havas Media Group Agencies Merge Franchise Notes King Vows To Make Rangers Investment Clubs Face Litigation Over Disabled Access Tinkler's Newcastle License Terminated WPP Acquires Majority Stake In Two Circles
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SBD Global/June 13, 2012/Franchises
SPL Rangers Face Liquidation After Tax Plan Turned Down
Published June 13, 2012
RAPID VIENNA OPPOSE: In London, Ewing Grahame reported that Bundesliga's Rapid Vienna will send lawyers to the meeting at Ibrox on Thursday and the Austrians "have instructed their representatives to oppose" the CVA. The Austrian club is still owed more than £1M ($1.6M) by the Rangers from the £4M ($6.2M) transfer of Croatia striker Nikica Jelavic in Aug. '10. Green’s offer to creditors means that Rapid "would need to settle for a maximum" of more than £91,000 ($141,596) even though Rangers will receive £5.5M ($8.6M) from the sale of Jelavic to Everton in January (TELEGRAPH, 6/11).