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    Rangers newco in prospect as CVA rejected

      It has been confirmed today that the CVA proposed by Rangers’ prospective new owner Charles Green has been rejected by HMRC, and that a newco will proceed to purchase the assets of Rangers in consideration for £5.5 million to … Continue reading

    What is in a CVA?

      In view of the development not just at Glasgow Rangers (to which I return briefly at the end of this article), but at a number of other football clubs, I have been asked as a Licensed Insolvency Practitioner and … Continue reading

    Victory for Rangers…But Tomorrow?

      With today’s developments at Glasgow Rangers surpassing all that has gone before,  a moment for pause. Firstly,  we received the news that the terms of the CVA have been approved,  and that the Charles Green consortium is the preferred bidder … Continue reading

    Football Creditors Rule held to be lawful

      The ‘Football Creditors Rule’ is an all encompassing title referring to the various (and controversial) provisions which regulate professional football and provide that for a Premier League or Football League club to exit administration and retain their league status,  … Continue reading

    Glasgow Rangers: from Butcher & Francis to Duff & Phelps

      Glasgow Rangers are the biggest club that this has happened to. Winners of no less than 54 Scottish League Championships, 33 Scottish Cups, and 27 Scottish League Cups, they have completed a domestic treble (League, Cup and League Cup) on 7 separate … Continue reading

    Financial turmoil for football clubs ahead?

    As the end of the football season approaches, we at Full Contact are aware that a summer of financial turmoil awaits many Clubs in the Football League and Conference.   It is feared that a number of insolvency situations will … Continue reading

    Football Clubs in “poor financial health”

    It is perhaps no surprise that a survey has been released today which concludes that one in five clubs in the English Football League are in “poor financial health”.   The survey, conducted by insolvency practitioners Begbies Traynor, looked at 68 … Continue reading

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