angers ▁F . C . ▁On ▁ 1 3 ▁May ▁ 2 0 1 2 , ▁a ▁cons ort ium ▁led ▁by ▁Green ▁was ▁named ▁as ▁preferred ▁bid der ▁for ▁administration ▁hit ▁Scottish ▁football ▁club ▁R angers . ▁As ▁part ▁of ▁the ▁take over ▁a ▁company ▁volunt ary ▁arrangement ▁was ▁proposed ▁to ▁the ▁credit ors , ▁but ▁this ▁was ▁formally ▁rejected ▁by ▁largest ▁cred itor ▁H M RC ▁on ▁ 1 4 ▁June ▁ 2 0 1 2 . ▁This ▁meant ▁Green ▁instead ▁agreed ▁a ▁deal ▁of ▁£ 5 . 5 ▁million ▁to ▁purchase ▁R angers ▁assets ▁including ▁the ▁club ▁under ▁a ▁new ▁company ▁structure . ▁Green ▁was ▁then ▁appointed ▁as ▁chief ▁executive ▁of ▁R angers , ▁the ▁same ▁role ▁he ▁held ▁at ▁She ff ield ▁United . ▁During ▁the ▁take over ▁process ▁there ▁was ▁strong ▁spec ulation ▁manager ▁Al ly ▁Mc Co ist ▁was ▁set ▁to ▁res ign ▁from ▁R angers ▁after ▁a ▁conflict ▁with ▁Green , ▁but ▁he ▁remained ▁with ▁the ▁club . ▁ ▁The ▁new ▁company ▁structure ▁meant ▁that ▁R angers ▁had ▁to ▁apply ▁for ▁the ▁transfer ▁of ▁their ▁Scottish ▁Premier ▁League ▁( SP L ) ▁share ▁and ▁have ▁it ▁decided ▁by ▁a ▁vote ▁between ▁the ▁twelve ▁members ▁of ▁the ▁S PL . ▁The ▁application ▁was ▁rejected ▁on ▁ 4 ▁July ▁ 2 0 1 2 ▁after ▁a ▁ 1 0 – 1 ▁' no ' ▁vote , ▁with ▁one ▁ab st ention . ▁The ▁new ▁club ▁then ▁applied ▁to ▁join ▁the ▁Scottish ▁Football ▁League ▁and ▁on ▁ 1 3