The company behind Topshop went into administration in December resulting in more than 10,000 job losses.
Liquidators yesterday said they will return just £30million to creditors after the sale of Arcadia s assets, suggesting that HM Revenue & Customs will recoup a fraction of the £44million it is owed.
While HM Revenue & Customs will recoup a fraction of the £44m it is owed, Lady Tina Green (pictured with her husband), as a secured creditor, received the £50m she was owed in full
Arcadia went into administration hours before a change in the law that would have bumped the Treasury up above other unsecured creditors.
Sir Philip Green s wife Lady Tina Green, 71, is paid £50million by Topshop administrators
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
Tina Green paid £50m by Topshop administrators
telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.
Lady Tina Green, 71, wows in marbled swimsuit as she and son Brandon enjoy luxury yacht break
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
Chloe Green goes glam as she joins model pals for lavish dinner in St Tropez on sun-soaked break
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.