WHAT is the difference between relegation and liquidation? The answer just so happens to be worth £250,000.

A man by the name of Albert Kinloch, from Glasgow, wandered in a branch of Coral bookmakers and asked to be given odds on Rangers to go down. This was in 2011 when the wolves weren’t so much at the doors of Ibrox but were inside and helping themselves to the bluenose burgers.

Rangers weren’t in administration, not yet, but the jungle drums were beating, although it is important to note that at the time the team were second in the league and were never going to be relegated in the traditional manner.

Kinloch, who has a background in gambling, thought it was worth a punt and placed £100 on at 2,500-1.

Then everything happened and Rangers, now in a touch of bother, found themselves applying to play in the Third Division.  Mr Kinloch wants the money. Coral says Rangers were not “relegated” and all of this was heard over three days in court this week. This story really is the gift that keeps giving.

We shall find out the outcome next month and the diary will be closely following what happens. If Kinloch wins, would it then be okay to return a “losing” coupon pointing to the one wrong result on a busted line with the plea “I think you’ll find the defeated team deserved to win...gies my dough.”The Herald:

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Young Celtic star Calvin Miller scored the only goal of the weans’ Old Firm (there is no Old Firm game) during the week.

He then took to Twitter, of course, to crow about his achievement.

At this point the Partick Thistle ultras, Hugo and Tarquin, spluttered on their green tea and demanded an apology. Over to you, young Mr Miller.

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A trip to Cliftonhill, the home of Albion Rovers, this week brought back many fine memories.

The Coatbridge patch is one where many rookies have lost their match report virginity and 20 years ago finding even six paragraphs from a 0-0 draw with Brechin was a tricky task.

Tommy Gemmell, manager back then, and was more than welcoming to any young hack who was always invited in the media room, a broom cupboard, which has a bottle of whisky nailed to the wall.

It’s not changed all that much; however the money made from Sunday’s match with Celtic is going to mean this great little club survives for at least a few more years yet.

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Marshall Lynch is a former superstar American footballer of some distinction who was almost killed in Paisley this week.

The one-time Seattle Seahawks player was, we believe, filming an advert ahead of this year’s Superbowl which takes place in Houston.

While performing a wheelie on his bike, the man known as ‘Beast Mode’ narrowly missed being hit by a bus. It was all very strange. Even for Paisley.

Ah, but there was an explanation. Staff at Houston Kiltmakers – see the link - confirmed that Lynch was in town for this reason.

A worker said: “I'm not entirely sure what was happening today but I gather he was filming something for the Super Bowl. The Super Bowl is in Houston, Texas, this year and our shop is called Houston Kiltmakers.

“It's a bit strange that he came all the way to Paisley, admittedly.”The Herald:

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What is it with footballers and going bankrupt?

More to the point, what is it with already rich men who feel they need to, cough, invest in some scheme they apparently know next to nothing about and, blow me down with a feather, it all goes breasts up.

Rab Douglas, the former Celtic and Scotland goalie, was this week declared bankrupt with debts of £211,759. According to one report, “The majority of the cash is thought to be owed to the taxman and relate to investments made in a film production scheme.”

Chris Sutton, Craig Beattie, Colin Hendry, Kevin Drinkell, Gordon Durie and Bobby Petta have all been made insolvent in recent years and now poor Rab.

Although the big man was never brilliant at saving.

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Neil Warnock is often described as a character. Which is just another word for annoying, like bubbly is another way of saying someone is fat.

He is actually an erse of biblical proportions and the Cardiff City boss – how does he keep getting work? – proved this during the week when doing the telly with Steven Gerrard on a cold night on the south coast of England before the Plymouth-Liverpool game.

“I'm fine, I'm from Liverpool. It doesn't bother me the cold," replied Gerrard, to which Neil Warnock joked: "They don't have windows there, do they?"

Because, you see, all Scousers are poor and poverty is hilarious. Ha, ha, ha.

Warnock had to laugh at his own joke as Gerrard gave him a look which suggested a painful death would be administered during the next commercial break.

Jake Humphrey, the presenter, sought to alleviate the obvious tension with: "We'd better move quickly on!"The Herald: