Scottish firm Biggart Baillie has been drafted in to advise as Rangers Football Club goes into administration.
Rangers yesterday appointed administrators Paul Clark and David Whitehouse, both of Duff & Phelps, following a petition for administration to the Court of Session in Edinburgh by HMRC following the non-payment of around £9m in PAYE and VAT charges.
The administrators have instructed Biggart Baillie to advise on legal issues. The firm declined to comment on the appointment, although a spokesperson for Biggart Baillie did confirm that the firm was, “acting for the joint administrators and will provide them with advice on all legal matters which arise in the course of the administration”.
As a result of the going into administration, the Scottish Premiere League has docked Rangers 10 points.
As well as the unpaid £9m, Rangers is awaiting a tax tribunal decision over a disputed £49m HMRC bill, though owner Craig Whyte has warned that the costs of the case to the club could be as much as £75m. In addition to this Rangers has an ongoing operating deficit.
HMRC, which used in-house lawyers, has instructed counsel David Thomson from Ampersand to deal with the case. Roddy Dunlop QC from Axiom Advocates is advising Rangers.