Charles Green has claimed he has taken control of Scottish club Rangers which will now be called 'The Rangers FC'.
Green is now the majority owner of the Ibrox outfit who fell into liquidation during the week and will now be formed as newco as a result of deep financial and administration problems.
Former manager Walter Smith had joined the chase to take over Rangers today but it is apparent that Green is the new man to lead the Glasgow giants.
"The transfer of the business and assets to a new company structure has taken effect immediately and the new company is The Rangers Football Club.
"An application has already been made by the company to register with the Scottish Football Association and to participate in the SPL.
"These applications will be considered over the next few weeks and I will continue to have discussions with the football authorities in relation to the Club's position.
"This day is bitter-sweet for the consortium I represent. From our first involvement we made it clear we would have preferred to acquire this great Club through a CVA (Company Voluntary Agreement).
"The decision by HMRC to vote against the proposal was, in my view, counterproductive and did nothing but visit the sins of the past on the owners of the future and indeed the supporters who care so much for Rangers and deserve better.
"It was however prudent for us to prepare for this outcome and we are proud and honoured to acquire Rangers and begin a new chapter in its illustrious history.
"These are early days and there is a huge amount of hard work to be done to rebuild Rangers.
"It will take time and effort, passion and commitment. Rangers will rise again and that journey began in earnest at Ibrox today.""Following the formal decision of the creditors' meeting at Ibrox Stadium today, the consortium I represent has fulfilled its agreement with the administrators and has completed the acquisition of the business and assets of The Rangers Football Club plc," read a statement from Green on the club's official website.
