HMRC was the largest creditor, due to the wee and big tax cases, it was them that refused the cva, didn’t matter if green or miller that was taking over, both only wanted to pick over the bones of a dead rangers, green famously said he “bought a basket of assets” no one wanted to “save” the Huns, just dump the debts and start as new newco, the Huns were raging they didn’t just carry on, but the other teams weren’t having it, and rightly sent them to start at the bottom as a newco. taking Airdrie’s place
The administrators job was to save rangers, but as I said due to HMRC fraud they put a stop to it, to much hilarity from Celtic fans, the Huns worship the queen, but her agents sent them down
Rangers still exist, they are sitting in a filing cabinet in liquidators office Canary Wharf, 10 years latter they still haven’t been formally wound up, the aftermath by the Masonic Scottish police force, arresting everyone and everyone apart from the right people has cost around £70 million in compensation for malicious prosecution all paid from the public purse “IE” you and my taxes…..and it’s not finished yet….