 On 25 June 2012, the Crown Office asked Strathclyde Police to investigate the purchase of Rangers and the club's subsequent financial management during Whyte's tenure.Charles Green agreed a deal with the administrators of The Rangers Football Club plc to purchase the company for £8.5 million if a proposed CVA was agreed or to purchase its business and assets for a £5.5million if the proposed CVA were to be rejected.On 14 June 2012, the formal rejection of the proposed CVA meant that the company would enter the liquidation process.