Duff and Phelps claim agreement with HMRC for Miller deal

Duff and Phelps have claimed that they have HMRC agreement for the sale of Rangers to Bill Miller.

The Chicago based trucking magnate was announced as the preferred bidder for the debt ridden club this morning.

Miller’s plans to form an incubator company and strike a deal with the SPL and SFA have been greeted with scepticism with a number of issues still to be overcome.

Getting agreement from HMRC and Ticketus is critical to ensuring a CVA is agreed with Duff and Phelps claiming that the tax authorities are happy with the Miller proposals.

David Whitehouse told BBC Scotland: “Firstly, creditors have already given us sanction to complete the proposal; that’s under the terms of the administration proposals which have been agreed.

“Aside from that, we have already been in consultation with the largest creditor, HMRC and they are fully aware of and are supportive of the bid.

“HMRC and Ticketus are both creditors of the company and the creditors have voted in favour of the proposals which enable us to do this deal.”

The publicity hungry Blue Knights have issued a statement expressing their disappointment at being overlooked for preferred bidder status.

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