Rangers going bust
 

Going into administration and a 10 point deduction will see them plummet from second place to second place.

Scottish football is dead now, wasn't so long ago they were raiding English football for our top players now they're signing cast offs from the lower leagues.

Seen they only got 17,000 at home against Dundee united the other week in the cup , can't see that revenue paying many bills

Even Celtic now telling them to fuck off and they won't be missed, wouldn't like to be the guy that pulls the plug though.

Imagine thousands of pissed up angry sweaties after your blood, you'd have to go into hiding.

Pattaya's full of ugly sweaties in hiding.:dickhead:

Mainly in the JP at 7am according to Milky

10 point deduction so Celtic now champions and the season is over in Scotland and the taxman is going to be well pissed off

Watched fans being interviewed outside the ground on TV last night.
Couldn't understand a word they said.:unsure:


Bit like kick-out time at the Carlisle Tavern.:drinka:

This has been a bad day for Rangers and who know's what the future holds ?

Rangers went into administration voluntarily to pre-empt HMRC filing for administraion for them for a VAT bill. In doing so Rangers have been able to appoint their own administrators rather than have HMRC do it for them. So to be clear, Rangers have gone into administration for a VAT/ tax bill generated under Craig Whyte. Nothing to do with the 50 million tax case.

Craig Whyte said this was 'Plan D' but really I think this was always his plan. The 'tax case' for £50 million pounds for the Employee Benefit Trusts they used was hanging over Rangers and HMRC said they would appeal if they lost the case. It could have dragged on for years. I reckon Whyte has planned this since day 1 in charge.

Craig Whyte is a turnaround specialist. Lets see what he can do with this one. Some people might think he's going to rob Rangers blind, sell the stadium etc, I can't see that happening. His life would be in danger if he did that. No way. He'd need to leave the UK.

Administration is preferable to liquidation. If that happened Rangers would have to start again and lose their record. Their British record, like it or not, as the most successful British team domestically with 54 league titles. :bigfinger

I've spent a few hours reading various Rangers sites and no one really knows what will happen next.

:unionflag:

"Administration is preferable to liquidation "

Indeed so.

A shame for their fans, who have nothing to do with the financial side of things.

I haven`t followed the prior events to this but notice yet again when a company gets in to difficulties it`s HMRC proving the most aggressive.

We'll just add the 50 million quid owed us to the final bill upon Sweaty independence, drop in the ocean really compared to all that dosh we're owed for bailing out the Sweaty banks.