Old Rangers officially liquidated

18:25, Oct 31 2012

Oldco Rangers has formally entered liquidation after the move was approved by a senior judge. Insolvency firm BDO has been appointed to wind up the company, now known as RFC 2012 plc. The move brings to an end the period of administration by Duff and Phelps, which began in February this year. The Glasgow club went into administration after the taxman lodged a petition over the non-payment of tax to the tune of millions of pounds. Liquidation was given the green light by judge Lord Hodge at the Court of Session in Edinburgh, after a day-long hearing on the issue. Story continues ADVERTISEMENT Duff and Phelps had gone to the court themselves, seeking an order to end the firm's time as administrators and asking for the oldco to be handed to liquidators. The court heard that the move, opposed at this stage by lawyers Collyer Bristow, would involve the handover to liquidators of £1.7 million in cash and other assets.

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