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Rangers intend to go into administration

Discussion in 'Football Chat' started by south, Feb 13, 2012.

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  1. south

    south
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    Rangers have lodged an intention to go into administration with the Court of Session.

    The Ibrox club lodged the notice in Edinburgh at Monday lunchtime.

    They now have five days in which to formally declare administrators have taken over the running of the club.

    Solicitors lodged the papers with the Court of Session on behalf of the club's directors on Monday.

    Rangers FC are currently awaiting the result of a £49m tax case with HM Revenue and Customs in relation to the club's use of the Employee Benefits Trust to pay players and staff.

    The Court of Session confirmed to STV that papers confirming the intention to appoint administrators had been received.

    http://news.stv.tv/scotland/west-central/297387-rangers-to-go-into-administration/
     
    #1 south, Feb 13, 2012
  2. wonit6times

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    do they get deducted points??
     
    #2 wonit6times, Feb 13, 2012
  3. MrsPepe

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    :eek: wow
     
    #3 MrsPepe, Feb 13, 2012
  4. MrsPepe

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    They have just today signed a player on loan until end of season?
     
    #4 MrsPepe, Feb 13, 2012
  5. D7Hooper

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    With the reverand in hospital and thatcher on her last legs, the treble is on!!! :)
     
    #5 D7Hooper, Feb 13, 2012
  6. Raven136

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    Would it be playing into stereotypes if im delighted with this :D :D

    No longer up to their necks in fenian blood,more up to their necks in debt.
     
    #6 Raven136, Feb 13, 2012
  7. mushypea

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    Wonder how that bastion of football mr winter is feeling about this ;)
     
    #7 mushypea, Feb 13, 2012
  8. stamullenredmen

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    anyone wanna do a whip around on here to buy them out?
     
    #8 stamullenredmen, Feb 13, 2012
  9. Paddser

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    He'll be blaming catholicism
     
    #9 Paddser, Feb 13, 2012
  10. Venom1983

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    What happens now in terms of a points deduction, will they lose points and then maybe lose prize money and european qualification.
     
    #10 Venom1983, Feb 13, 2012
  11. elvis

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    Just need Sham Rovers to go the same way and we've got the Quadruple ;)
     
    #11 elvis, Feb 13, 2012
  12. Skintown Red

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    Just heard on 5live it'll be a 10 point deduction, so that'll be the legaue sewn up for Celtic then
     
    #12 Skintown Red, Feb 13, 2012
  13. mushypea

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    Fairly confident celtic would have won the league anyway so all this does is give the rangers fans a bit of ''well if we werent deducted......
     
    #13 mushypea, Feb 13, 2012
  14. pakie49

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    weel buy um out with greek bonds \ its a 10 point deduction
     
    #14 pakie49, Feb 13, 2012
  15. leonsdaddy

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    What does this mean for Scottish football in general then. Obviously Scotland is only a 2 team league anyway and there is a possibility of rangers going bang altogether would there be enough money for the league to carry on
     
    #15 leonsdaddy, Feb 13, 2012
  16. shaneo

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    celtic fans shouldnt be happy about this really. celtic without rangers or rangers without celtic destroys the very little that is the spl.
     
    #16 shaneo, Feb 13, 2012
  17. Colm75

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    Constantly having to sell their best players was always going to end in disaster.
     
    #17 Colm75, Feb 13, 2012
  18. CrazyDaize

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    On the same day that Celtic announced an increase in turnover+profit and a decrease in debt. At the same time they're still in all domestic cups and top of the league. Not bad business by them.
     
    #18 CrazyDaize, Feb 13, 2012
  19. Coolfran

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    Despite the celebrations of some fans this would be awful for Celtic.
     
    #19 Coolfran, Feb 13, 2012
  20. Colm75

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    Little doubt about it mate.It's difficult to see where fresh investment will come from either.
     
    #20 Colm75, Feb 13, 2012
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