Former Sheffield United chief executive John Green agrees a takeover deal . The Glasgow team 's slide into administration in February was related to an unpaid tax bill of $ 14 million , incurred after businessman Craig Whyte bought the club in June 2010 , but the UK government is also seeking $ 118 million allegedly owed in back taxes . His consortium is made up of investors from the Middle East , Asia and the Far East . The consortium wants to exit administration by Company Voluntary Arrangement . Green promises no investor will have more than 15 % in the Scottish club .
Former Sheffield United chief executive John Green agrees a takeover deal . His consortium is made up of investors from the Middle East , Asia and the Far East . The consortium wants to exit administration by Company Voluntary Arrangement . Green promises no investor will have more than 15 % in the Scottish club .