Previous
Zenit St Petersburg
AS Monaco
ESPN3 4:00 PM GMT
Game Details
Atletico Madrid
Juventus
ESPN2, ESPN3 6:45 PM GMT
Game Details
Malmo FF
Olympiakos
ESPN3 6:45 PM GMT
Game Details
FC Basel
Liverpool
6:45 PM GMT
Game Details
Ludogorets Razgrad
Real Madrid
6:45 PM GMT
Game Details
Bayer Leverkusen
Benfica
ESPN3 6:45 PM GMT
Game Details
Anderlecht
Borussia Dortmund
ESPN3 6:45 PM GMT
Game Details
Arsenal
Galatasaray
6:45 PM GMT
Game Details
Leeds United
Reading
6:45 PM GMT
Game Details
Wolverhampton Wanderers
Huddersfield Town
6:45 PM GMT
Game Details
Fulham
Bolton Wanderers
7:00 PM GMT
Game Details
Puebla
UNAM
12:00 AM GMT
Game Details
America
Veracruz
1:00 AM GMT
Game Details
Morelia
Pachuca
1:00 AM GMT
Game Details
Chiapas
U. de G.
2:00 AM GMT
Game Details
Tijuana
Cruz Azul
2:45 AM GMT
Game Details
Ottawa Fury FC
Atlanta Silverbacks
11:00 PM GMT
Game Details
Libertad
River Plate
6:00 PM GMT
Leg 1
Game Details
Bahia
César Vallejo
10:30 PM GMT
Leg 1
Game Details
Emelec
Goiás EC
1:00 AM GMT
Leg 1
Game Details
Atlético Nacional
EC Vitória
1:00 AM GMT
Leg 1
Game Details
San Lorenzo
Olimpo de Bahía Blanca
9:00 PM GMT
Game Details
Estudiantes La Plata
Independiente
11:30 PM GMT
Game Details
Crucero del Norte
Sp. Belgrano
6:30 PM GMT
Game Details
All Boys
Sarmiento de Junín
10:00 PM GMT
Game Details
Santa Marina
Atlético Tucumán
11:30 PM GMT
Game Details
Unión de Santa Fe
Patronato
11:30 PM GMT
Game Details
Boca Unidos
Colón de Santa Fe
12:00 AM GMT
Game Details
Instituto de Córdoba
Guaraní A. Franco
12:00 AM GMT
Game Details
Independiente Rivadavia
Huracán
12:00 AM GMT
Game Details
Gimnasia y Esgrima de Jujuy
Aldosivi
12:30 AM GMT
Game Details
Cruzeiro
ABC
10:30 PM GMT
Leg 1
Game Details
Botafogo
Santos FC
10:30 PM GMT
Leg 1
Game Details
Corinthians
Atlético MG
1:00 AM GMT
Leg 1
Game Details
América RN
Flamengo
1:00 AM GMT
Leg 1
Game Details
Los Caimanes
Inti Gas Deportes
4:00 PM GMT
Game Details
Unión Comercio
Universitario de Deportes
6:15 PM GMT
Game Details
Sporting Cristal
Real Garcilaso
8:30 PM GMT
Game Details
León de Huánuco
César Vallejo
Postp
Game Details
Guaraní
3 de Febrero
9:30 PM GMT
Game Details
Deportivo Capiatá
Sportivo Luqueño
10:00 PM GMT
Game Details
Libertad
Nacional
11:10 PM GMT
Game Details
General Díaz
Olimpia
11:40 PM GMT
Game Details
Mushuc Runa
U. Católica
9:00 PM GMT
Game Details
Manta F.C.
Barcelona
12:00 AM GMT
Game Details
Olmedo
Club Deportivo Cuenca
12:00 AM GMT
Game Details
El Nacional
LDU Quito
12:15 AM GMT
Game Details
Independiente del Valle
Deportivo Quito
12:15 AM GMT
Game Details
Club Petrolero de Yacuiba
The Strongest
7:00 PM GMT
Game Details
San José
Oriente Petrolero
12:00 AM GMT
Game Details
Western Sydney Wanderers
FC Seoul
2
0
FT
Leg 2Aggregate: 2 - 0
Game Details
CD Dragon
Alianza FC
Postp
Postponed - now being played Wed, Oct 1
Game Details
Valledupar F.C.
Atlético Junior
8:00 PM GMT
Leg 1
Game Details
Patriotas F.C.
Once Caldas
12:00 AM GMT
Leg 1
Game Details
Next
Jun 12, 2012

Rangers to be re-formed

Rangers appear set to be liquidated and re-formed as a newco after Her Majesty's Revenue and Customs decided to vote against a Company Voluntary Arrangement put forward by the prospective new owners.

• Gattuso wants Rangers return
• Rangers' transfer ban overturned

Buyer Charles Green has been informed that HMRC - the most significant of the club's creditors, owed more than £21 million - will not accept a CVA, which would see a small percentage of the money repaid as a compromise arrangement.

As a result of HMRC's decision, Green - who leads the Sevco consortium hoping to buy the club - will press ahead with his plans to purchase the club's assets and form a new company.

Green said in a statement: "I am hugely disappointed by the decision of HMRC not to support the CVA proposal and that disappointment will be felt acutely by Rangers fans across the world."

HMRC has said that it will pursue individuals for the money owed in the belief that it stands a greater chance of receiving the funds it is due.

A statement from the tax authority read: "A liquidation provides the best opportunity to protect taxpayers, by allowing the potential investigation and pursuit of possible claims against those responsible for the company's financial affairs in recent years.

"A CVA would restrict the scope of such action. Moreover, the liquidation route does not prejudice the proposed sale of the club. This sale can take place either through a CVA or a liquidation, so the sale is not being undermined, it simply takes a different route.

"Liquidation will enable a sale of the football assets to be made to a new company, thereby ensuring that football will continue at Ibrox. It also means that the new company will be free from claims or litigation in a way which would not be achievable with a CVA.

"Rangers can make a fresh start."

Rangers' administrators, Duff and Phelps, said in a statement that a "binding" sale and purchase agreement with Green would now come into effect.

Joint administrator Paul Clark said: "As we have always stated, administrators have a primary objective to ensure the survival of the company and in this case, this would have been achieved through a CVA. It was with HMRC's approval that a proposal was placed before creditors for consideration.

"However, it is the commercial view that the level offered within the CVA was not enough to merit departure from their normal policy of seeking a detailed investigation via a liquidator.

"However, we have been left in no doubt by HMRC the fundamental reason for the rejection of the CVA proposal is the historical non-compliance with tax liabilities by the former owners and directors of the club."

Clark said Green's consortium will move to acquire the club's assets immediately after the formal rejection of the CVA proposal at a creditors' meeting at Ibrox on Thursday morning.

"That transaction will be completed within a few days," Clark added. "The sum payable to creditors will be £5.5 million, most of which has already been paid over to us by the Green consortium.

"Over the coming months, we as administrators will continue to finalise the administration of the club and we will work in conjunction with BDO, who will undertake the liquidation process. While the club will continue to face difficulties in the short term, it will survive and continue to play at Ibrox."

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.