Police investigate Craig Whyte's Rangers takeover The club was forced into administration following court action from Her Majesty's Revenue and Customs. Immediately after being appointed, administrators Duff and Phelps announced the club had failed to pay about £9million in PAYE and VAT since the takeover. They soon revealed that the club had paid off Lloyds Banking Group from a £24.4million capital injection from investment firm Ticketus, which was secured on the back of future season ticket sales. The debt to HMRC was most recently listed at more than £21million in the failed Company Voluntary Arrangement proposal to creditors.