Bill Miller's plan for Rangers is to move the assets – Ibrox, Murray Park, the Albion car park – to a newco, while leaving the original company under the control of the administrators to try to achieve a Company Voluntary Arrangement.
Bill Miller's plan for Rangers is to move the assets – Ibrox, Murray Park, the Albion car park – to a newco, while leaving the original company under the control of the administrators to try to achieve a Company Voluntary Arrangement.
Rangers fans are concerned about the loss of their history
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Richard Wilson
The American trucking tycoon then intends to merge the two companies. Here, Herald Sport analyses the feasibility of his plan, and what it means for Rangers and Scottish football.
Is this liquidation?
As far as financial experts are concerned, it is a convoluted route to achieve what is effectively a liquidation. The only way around that assessment would be if he managed to effect a successful CVA for Rangers Football Club plc and merged it with the newco before the beginning of next season – Saturday, August 4. Miller would then, in theory, not have to apply to the Scottish Premier League for the newco to become a member of the league.
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