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Rangers in turmoil: the day Scottish football changed

ASKED about the impact of the French Revolution 200 years after the guillotine flashed in Paris, Zhou Enlai, the Chinese premier, replied: "It is too early to say." This tendency to pause before commenting was a scarce commodity in Scottish football yesterday.

Angry fans gathered outside Ibrox
Angry fans gathered outside Ibrox

The rush to judgment is, of course, understandable. A Scottish institution that has a significance far beyond the football field stands on the brink of administration, perhaps even insolvency. It is a remarkable story. It is also largely an impenetrable one. To introduce another politician to the debate, no-one, in Churchill's words, is sure whether this is the beginning of the end or just the end of the beginning of a financial crisis.