 The accountancy firm BDO was appointed to investigate the years of financial mismanagement at the club.On 14 June 2012, hours after the CVA's rejection, Sevco Scotland Ltd, a new company formed by Charles Green's consortium for this eventuality, completed the purchase of the business and assets of The Rangers Football Club Plc and then, on 18 June 2012, formally applied to acquire the SPL share of The Rangers Football Club plc.On 4 July, SPL clubs voted by 10–1 to reject the application with Kilmarnock abstaining and the old Rangers company voting in favour.