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Glasgow Rangers debts 'could top £134m'

By , Reporter
Rangers debts 'could top £134m'
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Duff and Phelps estimate that Rangers' debts amount to more than £134m.

Glasgow Rangers' debts could exceed £134m, according to estimates from its administrators.

The Scottish giants owe more than £93m to HM Revenue and Customs for various taxes, as well as VAT and PAYE.

They are also in debt to Scottish Premier League rivals Celtic, Hearts, and Dundee United, along with English clubs Manchester City and Arsenal.

Administrators Duff and Phelps are considering three bids for the Ibrox side, but have been unable to provide potential buyers with a specific debt figure.

An offer has been tabled by former Rangers director Paul Murray's Blue Knights consortium. The group faces competition for parties in the US and Singapore.

The report notes that Rangers have lost more than £2.5m since entering administration six weeks ago.

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6Dundee165472729-219
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