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An agreement has been reached with tax authorities to settle with the old Rangers operating company for almost £40 million less than the original claimed by HMRC. Acting liquidators of Rangers 2012, BDO, said the settlement terms were accepted by both sides in their latest update to creditors.
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The liquidators of the Rangers Oldco have revealed that they are hoping to reduce the size of the tax liability owed to HMRC. BDO is disputing about £51 million of the £64.5m which is still being claimed by HMRC.
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Accountancy firm BDO has been awarded £3.4 million plus interest for failings during the liquidation of RFC 2012, the Old Co Rangers. A court has ruled that the administrators of Rangers FC should have considered selling the club's training ground and searched for new owners of Ibrox Stadium.
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