Now even liquidation is a possibility. Nobody should celebrate that, least of all their Old Firm rivals.
The Scottish Premier League Champions lodged papers at the Court of Session in Edinburgh yesterday, indicating that the 140-year old club plans to go into administration. The move ends months in which it has been rocked by rumour and speculation, after Scots-born entrepreneur Craig Whyte took over, promising to pay off its £18 million bank debt and spend millions on players. But in the intervening nine months, Mr Whyte has raised more questions than he has answered about the club's finances.
Which way now for Rangers?
A year ago the idea of Rangers Football Club going into administration was almost unthinkable.
Now even liquidation is a possibility. Nobody should celebrate that, least of all their Old Firm rivals.
The Scottish Premier League Champions lodged papers at the Court of Session in Edinburgh yesterday, indicating that the 140-year old club plans to go into administration. The move ends months in which it has been rocked by rumour and speculation, after Scots-born entrepreneur Craig Whyte took over, promising to pay off its £18 million bank debt and spend millions on players. But in the intervening nine months, Mr Whyte has raised more questions than he has answered about the club's finances.
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Don't show me this again.