Phantom Bud
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From STV website ...
Prospective Rangers owner Charles Green admitted he could not rule out accepting the Scottish FA’s player signing ban.
The man leading the Sevco consortium rejected accusations that he was using season ticket money to fund his buyout of the Ibrox club.
Mr Green also claimed that the majority of the £8.5m loan his group has put forward to buy the club is in the hands of administrators Duff and Phelps, while he stated he would reveal his financial backers if a company voluntary arrangement (CVA) was agreed next week.
On Friday, Mr Green told STV News his bid for the club would not be affected should the SFA hit the club with a ban from the Scottish Cup. This is despite CVA proposals published last week stating his offer was conditional on the club remaining in all competitions they are currently in.
He said that possible suspension or expulsion from the game would be an "extreme" punishment. When asked if he could rule out accepting the registration embargo that the club successfully appealed at the Court of Session, Mr Green responded: "I can’t comment until I’ve had the final comments back from my legal team."
The club's lawyers had argued in Edinburgh last week that the punishment was not legitimate as it was not specified in the football body's rules and regulations. Lord Glennie sided with the Ibrox club and ordered the matter back to the SFA's appeals body that previously rejected an attempt to overturn it.
Mr Green added: "What we’ve said under Lord Glennie’s decision is both parties have 21 days to appeal it and we through our legal team, and the fighting fund, are reviewing those notes carefully and we’ve conveyed that message to the SFA.
"What we’ve also said from my consortium’s point of view is that we never want to do something that would damage Scottish football. Even though the problems that brought about whatever the censure is, is down to people in the past, nothing to do with members of staff currently or the investors currently. We’re going to have to suffer some pain and we acknowledge that’s right.
"Whatever the degree and the other issues surrounding it are another discussion. Possibly being thrown out of the league or suspended in my view is extreme and the damage it would inflict on Scottish football, because clearly there would be no Sky contract, no premier league, no Old Firm derbies, would be an incredibly bad thing."
Offer
In response to a question about being kicked out of Scottish Cup, Mr Green said his offer "absolutely would" still stand should the football authority’s appellate body decide on that punishment. This is despite the CVA proposals sent out to creditors last week stating that the deal was conditional on the team being allowed to continue competing as it currently is.
Mr Green continued: "We recognise that this club, rightly or wrongly, has to take some punishment. My upbringing in life was if you did something wrong your backside was smacked, that’s not allowed now because of political correctness – I think it should be. We have to stand up and be counted. We have to take the punishment and we have to move forward."
Mr Green has so far refused to name the full team involved in his consortium, or where the money raised for the takeover has come from. He said that should the CVA be voted through next Thursday, he would be happy to name those involved in Sevco.
Season ticket renewals were sent out to fans on Friday, Mr Green said, and claimed that the money from them would be placed in a "secure" bank account that would not be accessed by Rangers until the club were out of administration.
This came after accusations from Rangers director Dave King who also called on fans to reject the CVA proposals at the Ibrox meeting next Thursday.
He said: "The season tickets haven’t even gone on sale, although I understand renewal letters have gone out this afternoon to fans. But to suggest that we’re using that money to buy the club is preposterous.
"It shows a lack of understanding that Mr King has in this transaction. His other comments recommending that creditors and shareholders should vote against a CVA beggars belief for someone who is a Rangers fan. What he’s suggesting, rather than get a CVA through that retains all the history and tradition, we should go down the newco route. I mean why would a true fan suggest that?"
Funding pledges
The former Sheffield United chief executive claimed that there were no issues surrounding the raising of funds for the Sevco bid, while he also stated that it was working towards raising a total of £30m it had pledged to put into the club.
He added: "I’m from Yorkshire, I will never, ever, have enough money. I’ve never been to a church where there wasn’t a collection and this is now my church and if anyone comes here, they have to pay.
"Either pay as a fan to watch the game or pay as an investor to be part of the shareholder register. So I’m always going to have money and if I told Ally McCoist tomorrow we’ve got £50m but I could raise £100m, he’d tell me to go and raise £100m so he could go and buy Ronaldo." He also admitted some investors in the consortium would "prefer one option or another" when it comes to the newco or CVA routes out of administration.
Earlier this week the businessman, who recently stepped down as a director of Signapore-based coal technology investment firm Nova Resources, unveiled proposals to ask season ticket holders to vote on renaming Murray Park after either player Davie Cooper or Moses McNeil, one of the club's founding fathers.
On Friday, Mr Green said: "Being completely honest I had never heard of either of the two names put to me, but no-one had heard of my name until a few weeks ago. What I thought was fair to do was put that message forward and we’re saying to fans when they’re renewing their season tickets ‘Do you think it should be called Davie Cooper or do you think it should be called Moses?’
"Where we’re trying to take the club is forward, let’s draw a line, forget the past, forget the divisions, forget the bigotry and lets take Rangers back to being a super team."
He also claimed the move to rename Murray Park was not an attempt to "divert" the attention of fans away from the many issues at the crisis-hit club.
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Apologies if already posted but I've not seen it on here: Rangers refute the SFA's claim that CAS could have ruled on their disrepute charge:
A 12-month transfer embargo was imposed on Rangers over their non-payment of tax last season, but that was overturned in the Court of Session last Tuesday, with the issue sent back to the SFA's Appellate Tribunal.
However, Lord Glennie's ruling appears to have been something of a pyrrhic victory for the Ibrox club.
Rangers, who currently owe more than £21million in tax, face ejection from the Scottish Cup or suspension or expulsion from the game altogether unless the maximum £100,000 fine is found to be sufficient punishment - an extremely unlikely scenario.
Yesterday, Charles Green, who is leading the consortium in place to buy Rangers, had the punitive sanctions in mind when he spoke about possible "disaster" for the club and Scottish football, but claimed he had little option but to go to the civil courts because the "Court of Arbitration in Sport was not open to the club."
The SFA responded by denying the route to CAS was closed off with a statement which concluded: "Indeed, no representation was made by the club to the Scottish FA to discuss the possibility or the process of seeking arbitration via the Court of Arbitration for Sport before Judicial Review was actioned."
To back up their argument, the SFA will cite 62.2 (m) of their Articles of Association which refer to the powers of the board - "it may submit or refer claims by or against the Scottish FA to arbitration."
However, that assertion was today rejected by Rangers with a spokesman telling Press Association Sport: "The Court of Session accepted Rangers' position that it had no alternative route of appeal. The judgement from Lord Glennie made it crystal clear. CAS would not have heard the case
"We repeat, we would like to see an outcome where common sense prevails and there is no damage to other clubs in Scottish football.
"Rangers fully accept that there should be a sanction but it ought to be proportionate given the circumstances the club was in ie. it was the victim of misdeeds of individuals who are no longer at the club."
Green, whose offer to creditors will be put to the voted on June 14, is considering his options and could appeal to the Court of Session to move the case back to the first stage of the SFA's disciplinary process.
Regardless of which body hears the case, the possible sanctions remain clear and potentially catastrophic for the Govan club.
There is no scope for 'deals' to be done between Rangers and the SFA.
Only accepting the original transfer embargo would prevent the case going back to independent tribunal.
However, Green would have difficulty in selling that idea to those Rangers fans who believe the SFA are antagonistic towards the Ibrox club, and who have celebrated Lord Glennie's decision accordingly in the past week.
From football365.com
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Statement by Charles Green:
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Charles Green Statement
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CHARLES GREEN, who is leading a consortium to purchase Rangers Football Club, issued the following statement today.
He said: "On behalf of the consortium purchasing the Rangers Football Club, it is my firm view that it is vitally important for the current issue of the SFA player embargo to be resolved and neither I nor my investors wish to see an outcome that would be to the detriment of Scottish Football.
"Throughout this process, the Club, the Administrators and most importantly the supporters have taken the view that any sanction against Rangers - due entirely to the misdeeds of individuals no longer at the Club - should be proportionate.
"We and the Administrators did not want to take the matter to a civil court at all.
"Unfortunately, the route to apply to the Court of Arbitration in Sport was not open to the Club because the SFA's own articles fail to include a specific provision permitting appeals to CAS and the Judicial Panel Protocol contains a rule which prohibits any form of appeal to CAS or any other body.
"Our position has been endorsed by Lord Glennie in the Court of Session. The Club was prohibited from appealing to CAS by the SFA's own rules.
"The Judicial Review was not an appeal rather it was the Club exercising its right under Scots Law to have the court review whether or not the imposition of the transfer embargo was within the power of the tribunals of the Judicial Panel.
"All of the appeal points put to the appellate tribunal relating to the harsh and excessive nature of the embargo were dropped as it would not have been appropriate to have taken those to the Court of Session"
"Rangers is wholly committed member of the SFA and SPL and fully respects their structures.
"Lord Glennie has referred the matter back to the Appellate Tribunal which heard the Club's appeal and we note a hearing is due to take place in due course.
"Either party has 21 days to consider an appeal. It is the Club's view that the matter should in fact have been referred back to the original tribunal which imposed the transfer ban because the appellate tribunal in its written judgement made clear the view they held on the appropriate alternative sanction to be imposed in the event that the transfer ban was successfully challenged.
"We are fully aware that one of the sanctions available to the Appellate Tribunal should the matter be referred back there is the suspension or termination of Rangers Football Club membership of the SFA.
"That in our view would be a disaster for Scottish football and a major setback to our plans to take Rangers forward after a particularly difficult period in its history.
"Equally, the alternative sanction of expulsion from the Scottish Cup is itself a very serious punishment which would also have a severe impact on Scottish football as well as on our Club.
"We will be considering with our legal team the best way forward after the public holiday."
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Here's a Rangers story from today's Daily Record which I can believe is true:
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From today's Herald: hopefully the SFA will make the orcs concerns over 2012/13 season tickets irrelevant ...
THE Scottish Football Association has bowed to the Court of Session ruling that the one-year transfer embargo on Rangers was invalid.
Stewart Regan, chief executive of the SFA, announced last night that the association will now refer the matter back to the appellate tribunal that upheld the original sentence imposed for bringing the game into disrepute.
Lord Glennie at the Court of Session on Tuesday accepted a petition from Rangers for a judicial review as he ruled the SFA could only administer the punishments stated in the rule relating to the disrepute charge.
Now the tribunal, under Lord Carloway, must choose from a range of specified punishments: a fine of £100,000, suspension from the Scottish Cup or suspension or termination of the club's SFA membership.
''Details of a new hearing will be confirmed in early course,'' said Regan.
The chief executive, however, said it was ''regrettable'' Rangers had taken the matter to court.
He said: "Football must always operate within the law of the land. None the less, it is regrettable that a member club has sought recourse for a football disciplinary matter through increasingly costly civil court action.
"The right of appeal is now open to the Scottish FA through the Court of Session. However, by so doing, the very principles on which the SFA – and, for that matter, UEFA and FIFA – are founded, namely football disciplinary matters being dealt with within its own jurisdiction, would be fundamentally compromised.
"Therefore, it is our intention to accede to Lord Glennie's request and refer the matter back to the appellate tribunal, which will consider the remaining sanctions open to it.''
Regan reiterated that the sanction of a transfer embargo had been imposed by an independent tribunal chaired by a leading QC, Gary Allan, and upheld by an appellate tribunal chaired by a Supreme Court Judge, Lord Carloway.
"That in itself vindicates the robustness of the judicial panel protocol, which has been questioned in hackneyed comment in certain quarters this week. It should be noted that two vastly experienced Supreme Court Judges, Lord Carloway and Lord Glennie, arrived at diametrically opposed viewpoints on the same issue,'' he said.
In an addendum almost certainly aimed at Rangers, he said : "With our annual general meeting taking place on Wednesday, June 6, it will be appropriate to remind member clubs that by very dint of their membership of the Scottish FA, they accept and abide by the articles of association."
The Ibrox club was also criticised by Kenny Cameron, the chairman of Inverness Caledonian Thistle. "This is an extremely disappointing situation. The Court for Arbitration in Sport was the correct route for Rangers to take. Taking sporting matters to the Court of Session was a serious mistake,'' he said.
FIFA is monitoring the situation and Cameron said: ''The potential repercussions are something we don't need at what is already a difficult time for Scottish football."
The Rangers Fans Fighting Fund want Charles Green to get his "cards on the table" before they encourage supporters to buy season tickets.Duff & Phelps, the administrators, published the company voluntary arrangement on Tuesday but even if that is rejected by creditors, Green's consortium may take over by buying the club's assets.
However, the RFFF is concerned about the lack of detail about how the former Sheffield United chief executive's consortium plan to fund the club. Green has pledged £8.5m but the CVA revealed that £8.3m of that is a loan to be repaid with interest by 2020. In the short term, there is uncertainty around how the club will pay players when they revert to full wages today, having taken cuts of up to 75% since March.
Andy Kerr, a RFFF member, said: ''There are key questions to be asked about finances and investors and there is a direct correlation between the answers to those questions and season tickets. Without assurances and confidence, it will be difficult for us to throw our weight behind asking people to pay their £500 or whatever for season tickets.''
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Cockwomble interview on the BBC website:
http://www.bbc.co.uk/news/uk-scotland-glasgow-west-18287971
Joanna Lumley and Prince Albert of Monaco last week, now Gandhi ... FFS!
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Tweet by @Rangerstaxcase about an hour ago:
"Can all previous Rangers managers explain all of the payments they received from the club after they were no longer employees?"
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I believe your referring to the "collusion" between the Bank of Scotland (Banker to ALL the Premier league clubs back then) and Murray ?
Am I right ? Do I win a prize ?
As I said, I didn't write the post - it was posted by a guy called Barcabhoy on the Rangers Tax Case blog. I would guess he is alluding either to the Bank Of Scotland's influence over Scottish football or match-fixing/bribery ... we'll find out soon enough.
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This was posted on the RTC blog by a poster called Barcabhoy last night. Regular readers of RTC seem to regard him as a pretty credible poster with good sources. I think Adam is a Rangers fan who also posts on RTC ...
From RTC
Barcabhoy on 26/05/2012 at 2:19 am said:
6 0 Rate This
Adam doesn’t bother me in the slightest. He has absolutely no influence on the outcome of this farce. He can therefore put his view into play any time he likes as far as i’m concerned
What may be of interest to him, and others, is that the very worst of the offenses committed by Rangers have yet to be properly put into the public domain. In fact they haven’t been put there at all.
They will be and when they are, they will be beyond belief. In fact I had a problem believing it myself initially. At the point of disclosure I very much look forward to reading Adam’s efforts to put forward the alternative view.It’s not my story so i can’t control the disclosure timescale, but when it comes out it will be nuclear
Just to make this clear, what has still to come out is worse than illegally registering players, is worse than using VAT and PAYE as cash-flow, is worse than deliberately not paying fellow clubs, is worse than deliberately abusing the EBT system
its much worse……
My advice to those who know what they have done……don’t walk away…….run away as fast as you can,preferably to somewhere without an extradition treaty with the UK……because you know what you have done, and you know that its coming out.
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Good article by Glenn Gibbons in today's Scotsman:
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Ah, the Saintly Marvin Andews. Turned down United because "God" told him it wasn't the right move. Then he was "told" to sign for Rangers.... I imagine it wasn't God who told him that though. Was probably his agent. Unless his agent's name is Godfrey.
If the side letter states he'd be paid £1200 tax-free from the trust for each appearance then that's surely conclusive proof that there was nothing discretionary about these payments - how could Rangers argue this did not constitute a dual contract?
Confess your sins, Marvin!
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“I can’t deny or hide the fact that I played
for the club during the time in question but I got my salary like everybody else and I paid my taxes as normal.
“I collected my wages at Rangers and have the pay slips to prove it. I could see for
myself where the tax had been taken off and everything I had done."
As a Man of God, Marvin's veracity is beyond reproach.
However, could there be dodgy dealings between Marvin's "payslip" and the EBT allegedly set up in his name ? Possible slush fund for his agent ? Oooooh, we should be told.
Yesterday's Scottish Sun (never the most reliable of sources, admittedly) said of Andrews contract:
"The BBC claims come after The Scottish Sun revealed details of the payments. In February we told how one star — who joined the club in the mid-2000s — was offered a £122,000 payment over two years, plus additional four-figure appearance bonuses.
We can now reveal that player was defender Marvin Andrews who signed for the club in 2004 from Livingston.
A letter dated the same day as his contract promised to fund his sub-trust. He was to get £122,000 in total, “payable £10,000 in June 2004, £28,000 in December 2004 and 2005 and May 2005 and 2006” subject to him being a registered Rangers player on those dates.
It also said that from the date of the letter until 31 May 2006, £1,200 would be paid for each competitive first-team match in which he was playing or a substitute."
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From STV website this morning:
The financial adviser behind the takeover of Rangers by a consortium led by Charles Green has been named.
Imran Ahmad, who recently moved to English investment banking operation Zeus Capital, is advising on the financial structure of the deal for the Ibrox club by the Sevco group.
The broker previously founded the London firm Allenby Capital Limited in 2009. It has been listed as an adviser and broker in several announcements by Singapore-based mining investment firm Nova Resources limited, of which Mr Green was chairman up until last Thursday when he resigned to "pursue other business interests".
One member of the Rangers takeover consortium, Malaysian hotelier Jude Allen, also known as Javed Abdullah, confirmed to STV News that Mr Ahmad was the "financial adviser" to the group.
On Friday Mr Ahmad attended Hampden alongside Mr Green, Rangers head of football administration Andrew Dickson and former player Sandy Jardine for meetings with the Scottish FA and Scottish Premier League representatives in relation to the takeover.
In an interview with the Growth Business website in 2011, it was reported that Mr Ahmad started Allenby Capital with £200,000 and that he was "a fan of cricket and fast cars, though not necessarily in that order".
He joined Zeus Capital in April of this year where he is listed as managing director on the firm’s website. In 2009, Zeus advised Formation Group in its sale of Proactive Sports Management, the sports agency business Mr Green was chairman of, to Gresham Private Equity for £22m.
Mr Green said on Friday that Mr Allen, who is a partner in Kuala Lumpar-based Lumira Hotels Group, and Middle Eastern lawyer Mazen Houssami, were two of the 20 individuals and families behind the bid to take over the Ibrox club.
Catering contract
The deal consists of £8.5m put forward to cover the costs of extensive fees owed to administrators Duff and Phelps first, before the remainder goes towards paying off secured creditors including Close Leasing, which struck a deal with current owner Craig Whyte for future catering income in exchange for new kitchen equipment and big screens at Ibrox worth an initial £1.6m.
Mr Whyte’s position as floating charge holder over the club could also result in him staking a claim to part of the money as a secured creditor, although Mr Green claims the owner has already agreed to sell his 85% stake in Rangers for £2. The remaining cash left will be used to fund a company voluntary arrangement (CVA) offer of pence in the pound that Duff and Phelps aim to send out to all unsecured creditors, worth up to £134m, on Monday.
The insolvency firm then hopes to hold a creditors meeting on the proposals on June 6, where a vote will be held on the CVA. Following this date, there is a 28-day period in which the vote - either for or against the CVA - can be challenged by those owed money.
If the CVA fails, then the most likely route out of administration for the consortium would be an asset sale followed by the liquidation of Rangers FC plc, incorporated in 1899, which is known as a "newco" switch. This involves selling Ibrox, Murray Park, the playing squad and trademarks to a new business entity, before dissolving the old one with all of the club’s toxic debts.
Mr Green is listed at Companies House as a director of Sevco 5088 Limited, which was incorporated at the end of March and could be the newco Rangers lying in wait should a CVA fail.
Administrators have previously stated that they had entered into a "binding contract" with Mr Green for the club, which could be completed at the creditors meeting on June 6.
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Sorted - you just hit the "insert image" which is 7 along in the posting options and copy/paste the url
Cheers mate, that's put me right off my bacon roll.
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Cheers but are you for real?
Aye! Ok, maybe not about the smiling but I meant the rest of it. Going to be a living nightmare for whoever loses but take it on the chin, have a few drinks and get on with it. You'll not be feeling any more depressed than we did after losing at Hampden to 9 man Rangers, believe me.
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Good luck all. Enjoy your day guys - keep it friendly and in perspective. Respect your rivals if you win and keep your head up and smile if you lose - show the Old Firm filth what supporting a football team is all about.
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This is staggering. Simply staggering.
Assuming this is all fact based (considering it came from KDS must we allow for a biased smudging of figures?) this is mind blowing!!
Still, why let the facts get in the way of the whole "SPL feeds off the OF" chat eh!
IF the allegations of Rangers cheating are proven to be true could the other clubs sue Rangers (or David Murray if there is no Rangers) for the money they have missed out on?
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Do Rangers not still owe Dundee Utd their share of the gate money from the sparsely attended Scottish Cup tie at Ibrox? Yet they've been staying in luxury hotels before every game while they've been in administration? The SFA should be chucking them out of the Scottish Cup before they can boycott it.
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Think someone tweeted earlier that they are still allowed to extend contracts. You know, like the ones that they gave to McGregor, Whittaker et al that they couldn't afford in the first place.
Aye, the SFA's summary of the decision says Rangers have 40 professional players and are entitled to extend their contracts ... but what if Rangers liquidate and are replaced in the SPL by Newco Rangers? Free to crack open the war chest?
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Does this transfer embargo only apply to the current Rangers and or also to the potential Newco Rangers which could still turn up debt-free in the SPL next season?
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So reading between the lines, no CVA and some of the 20 walk????
Do the 20 "individuals and families" even exist? Sounds like he's preparing the orcs
for no CVA, liquidation and a Bill Miller type "incubator" newco with that statement.
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Latest from Rangers official website:
MR CHARLES Green, who is leading a consortium to purchase Rangers Football Club, issued the following statement today:
"Although I have spent many years in and around football, nothing could have prepared me for the level of passion and commitment I saw over the last few days in Glasgow and at Perth by all those with Rangers at heart. It was heart-warming to see players, supporters and staff all make clear to me how much they care about the Club.
"I hope the consortium I lead can repay that commitment and we are now pressing on with the job of completing the sale of the Club.
"I met fans' representatives after the match on Sunday (I'll take that result any day!) and quite rightly they had plenty of questions for me. They made clear that because of what has happened at the Club, I will have to earn their trust and that is exactly how it should be.
"As I said yesterday we are fully committed to trying to achieve a Company Voluntary Arrangement that will enable the Club to emerge from administration. That is our priority but it is in the gift of creditors. If that cannot be achieved we will have to pursue the alternative route of a newco but that would be structured in such a way the Club would not lose its history. But that is not the way we want to go.
"Quite rightly, supporters and the media have raised the issue of the identity of those involved in the consortium. The fundamental reason I cannot do this at this time is that some investors would like to wait until a CVA proposal is advanced or agreed before going public. That is their choice.
"What I can say to supporters is that there is a broad church of investors, from families in Singapore and India to individuals in the UK involved. They are good people who are united in their belief that a club such as Rangers can, should and will have a strong future.
"The identities of those involved will be revealed as we pursue the CVA and know what the outcome of that will be. I can assure supporters and the football authorities that is what is going to happen so everyone will know where the money is coming from.
"I am also hoping to meet the SPL and SFA soon to discuss the consortium and all matters regarding the Club.
"I would also like to say that as soon as the CVA process is further along the road I would like to meet supporters' representatives again to discuss progress."
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"Whyte battles to find a solution that will
NOT see Gers slide into liquidation".
"Venture capitalist Whyte is desperate to avoid that scenario".
.
.
.
.
Is this the start of Craig
Whyte's PR campaign as he battles to save the club he loves. Or is it just worth more to him as a going concern.
Whyte started employing the Media House PR company last season to defend Rangers against accusations of bigotry and defend himself against accusations of being a shyster. Media House are named as creditors in the Duff and Duffer report but I think they're still working for Rangers and leading the 'Scottish football needs Rangers' campaign. Maybe Whyte is paying them with the money he got for the Arsenal shares.
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Looks like Duff and Duffer have put 2 + 2 together and got 5 here ...
"As SunSport revealed yesterday, the UK consortium — made up of a number of people with Premiership experience — are now the front-runners.
Whitehouse added: “Three of the four bidders are in the hands of lawyers.
“The lawyers have been instructed and there is documentation, etc, so are they at the forefront?
“They are certainly at a very advanced stage but so are two of the others.
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However, could there be dodgy dealings between Marvin's "payslip" and the EBT allegedly set up in his name ? 
Big Rangers Administration/Liquidation Thread - All chat here!
in Celtic v Rangers, Rangers v Celtic
Posted
From the Daily Mirror:
Rangers owner Charles Green is putting together an emergency plan to move the Glasgow giants to ENGLAND as he battles for the club’s future.
Green has bought the Ibrox outfit and is taking them out of administration, hoping to persuade Ally McCoist to stay on as manager.
But there are huge doubts about whether they will play in the SPL next season, or be forced to drop to the fourth level.
And insiders close to the Yorkshireman’s camp reveal that Green is lining up an astonishing bid to buy a lower club in England and take their place in the Football League instead.
Green, formerly chief executive of Sheffield United, would have to clear several hurdles to make the move possible, but he is actively investigating the scheme.
The plan would see Rangers try to climb the divisions in England yet continue to play their home games at Ibrox, their Glasgow HQ – their large support will always follow them over the border.
The Mirror has learned that League One club Bury are in Green’s sights, as they could be bought for a modest sum and present Rangers with a place in English football.
Bury chairman Brian Fenton said on Wednesday night: “We have had no contact with Charles Green or Rangers Football Club.”
Green and his financial team have , however, been looking at Bury in particular – although the historic move would cause outcry at many levels.
But the rewards for Rangers are great if they can switch to England as they would have a great chance of rebuilding in a new country’s league.
Rangers will find out at the start of July if they are to be readmitted to the SPL.
Scotland’s top-flight clubs are voting on their fate.
If the once-mighty club are snubbed it may speed up their own escape bid and the gloves would come off as they take on the authorities to make it happen.