So HMRC rejected the Rangers CVA proposal and they are going into liquidation now. It was also stated that they are going to be investigating the former directors of the club.
Quite a few of the SPL teams have been making statements lately against letting a newco into the SPL, even those smaller clubs who gain quite a bit from having the old firm matches. Looks like things are going to radically change in Scottish football.
Updates are coming through quick here. Some pretty interesting legal stuff, even if you don't give a shit about the SPL.http://www.bbc.co.uk/sport/0/football/18410999