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Rangers to go into administration

Submitted by Andrew Slevison on Mon, 02/13/2012 - 15:42

Scottish giants Rangers are set to go into administration after lodging a notice with the Court of Session today.

The Glasgow club are experiencing financial difficulties with a bill of around £49million expected should they lose their dispute with HM Revenue & Customs (HMRC) and are now in danger of being taken over by administrators.

‘Gers now have five days to formally declare that the running of the club will be taken over by another party who will serve as a rescue mechanism if they become insolvent.

 
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Results & Fixtures

Tables

Team P W D L GD PTS
Celtic 33 26 3 4 52 81
Rangers 33 23 4 6 40 63
Motherwell 33 16 7 10 5 55
St. Johnstone 33 14 8 11 6 50
Dundee United 33 13 10 10 12 49
Heart of Midlothian 33 14 6 13 9 48
Kilmarnock 33 8 13 12 -18 37
Aberdeen 33 8 12 13 -6 36
St. Mirren 33 7 14 12 -14 35
Inverness CT 33 8 8 17 -18 32
Hibernian 33 6 9 18 -28 27
Dunfermline Athletic 33 4 8 21 -40 20
View Full Table