| Soccer | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scoreboard | | | Match Schedule | | | Standings | | | Teams | | | Player Leaders | ||||||
Green's consortium completes Rangers purchase deal
EUROSOC Headlines
- Bayern Munich top Euro 2012 payments
- Malta player banned for 10 years
- Spain welcomes home its soccer champions
- Spanish squad arrive home with trophy
- Fans welcome Italy home after Euro loss
- Twitter new record during Euro final
- Spain crush Italy 4-0 in Euro 2012 final
- Spain erupts in joy after historic win
- Prandelli promises to stay Italy coach
GLASGOW, Scotland (AP) The English businessman leading efforts to buy Rangers says he has completed the purchase of the indebted Scottish football club.
Charles Green, who is leading the Sevco consortium that was given preferred bidder status last month, made the announcement shortly after former Rangers manager, Walter Smith, launched a takeover bid on Thursday for the 140-year-old club.
Green did not mention Smith's bid in a statement that said his group had "completed the purchase of the business and assets of Rangers."
British tax authorities rejected a deal on Tuesday to save Rangers from bankruptcy as they seek to pursue individuals for money owed.
Rangers' tax debts of 21 million pounds ($32.5 million) are among the club's liabilities.
The status of Rangers in the Scottish Premier League next season is not clear.
Updated June 14, 2012
© 2013 by STATS LLC and Associated Press.Any commercial use or distribution without the express written consent of STATS LLC and Associated Press is strictly prohibited.
