Papers which were handed in on Monday to the court would give Rangers a ten day period to negotiate and to make agreements with their creditors, but today’s news on the HMRC’s plan would suggest that it is seeking to take control of the issue rather than let Rangers deal with their own fate as such.
The hearing will take place at midday today, with HMRC set to make a statement afterwards.
If HMRC are successful, then they would decide when Rangers go into administration and when or if they come out of it.
Craig Whyte admitted last night that the ‘big’ tax case with HMRC could leave the club owing up to £75 million.
More to follow…
