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Duff and Phelps say Rangers estimated debt tops £134m

Category: Scotland

Published: 5th Apr 2012 16:03:15

Rangers' administrators estimate that the club's total debts could top £134m.

The figure is revealed in the administrator's report to creditors published on the club's website.

A total of more than £93m is being claimed by HM Revenue and Customs, relating to the so-called big and small tax cases, and unpaid VAT and PAYE.

The report also reveals Rangers owe cash to other football clubs including Celtic, Hearts, Dundee United, Manchester City and Arsenal.

Source:
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BBC News, 2012. Duff and Phelps say Rangers estimated debt tops £134m [Online] (Updated 5th Apr 2012)
Available at: http://www.ukwirednews.com/news/1420873/Duff-and-Phelps-say-Rangers-estimated-debt-tops-134m [Accessed 20th Aug 2014]

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