What Now For Rangers?

The announcement that HMRC would oppose the CVA proposal for rescuing Rangers FC is just a few hours old, and I thought that a quick post was due. However, I do not have any new information. I just wanted to move this blog-page along.

As it starts to sink in that The Rangers Football Club plc is now destined to end in corporate failure and liquidation, the questions are coming thick and fast as to what happens next.

The simplest answer is that there are too many permutations to provide a certain path forward. HMRC had previously indicated that they would want Duff & Phelps replaced by BDO as liquidators. I expect that they will want ‘clean hands’ from this point on and that there will be fresh faces atop the marble staircase within a few days. However, it is possible that the liquidators will want to proceed with an asset sale to Green. Other bidders may emerge (or reemerge).

Given the tiny amounts that would be raised in a public fire-sale, it does appear that an asset sale to a newco is almost certain. So a new organisation purporting to represent the legacy of The Rangers Football Club plc will emerge.  However, if they are to be playing in any league next season the asset sale will have to be unopposed. If there are legal challenges to a sale, we could see at least one season without any Rangers-type team.

The focus will soon turn to the SFA and the SPL. The ruling bodies of professional football in Scotland have the responsibility to determine whether a newco attempting to transfer Rangers’ league ‘share’ and SFA membership will be allowed to join the top flight of the Scottish game- and if so- when. What must be clear is that any organisation that has bought another club’s share / membership must also face the punishments that awaited the old club. To allow a newco-Rangers to ditch its legacy responsibilities will be to set an expectation that others can do likewise. The battleground is now going to shift and we can expect a massive effort to convince us that an SPL without Rangers would be unbearable.

About rangerstaxcase
I have information on Rangers' tax case, and I will use this blog to provide the details of what Rangers FC have done, why it was illegal, and what the implications are for one of the largest football clubs in Britain.

5,766 Responses to What Now For Rangers?

  1. Jimothy @ 8:09

    I couldn’t swear to it, but I may be the Stephen in the first post.

    I wrote this soon after. http://ayeright.com/2011/04/old-firm-rip/

  2. Carntyne says:

    Henry Clarson says:
    22/06/2012 at 8:19 pm

    I don’t expect that there will any form of Rangers playing football at any level next season.

    The awareness of the level of scandal emanating from the entire SDM operation is growing daily and it will overwhelm the increasingly feeble efforts to convince anyone that there is a place for an heir to Rangers in 21st century Scotland.

    And yet Sevco1690 supporters claim they are ‘devastated’ that Rhys McCabe won’t be there to drive the team on to promotion from the 1st division next season.

    Totally delusional.

  3. pete says:


  4. pete says:

    who is Rhys McCabe??

  5. Star o' Rabbie Burns says:

    I felt throughout the administration process of Rangers 1872 that liquidation was the inevitable outcome. The range and depth of the mess around that club is now obvious, from the delay in changing from Duff & Phelps being in charge to BDO having the ball. I suggested some time ago these delays would mean that oldco or newco, no entity named “Rangers” could possibly be ready to play football come the start of the 2012-13 season.

    The latest developments around Lord Hope’s search for clarification on the conflict of interest issue now, to me, make it impossible for “Rangers” to play at the start of the season. The SFA now has to give us some leadership and make it clear, there will be no “Rangers” in Scottish football in the coming season, indeed, there will be no “Rangers” in Scottish football until the mess is cleared up to their satisfaction.

    This will, almost inevitably, mean that the name “Rangers” will vanish into Scottish football history, alongside such names as St Bernard’s, King’s Park, Leith Athletic, Third Lanark, Airdrieonians and Gretna.

    This will be hard for “Ra Peepul” but is an inevitable consequence of gross mis-management – the major “cheating” accusations being, if more likely than not true, still unproven, so let’s not intrude further on personal grief, surely we can show some magnanimity.

    I suspect, somewhere in one of the drawers in Herr Blatter’s Swiss desk, there is a large black book, listing all the “crimes” of the four Home Nations. The (English) FA is far from flavour of the month/year/decade at FIFA, the other three Celtic nations’ FAs are seen as the FA’s partners-in-crime against FIFA, with the Scots seen as being Terry McCann to the FA’s Arthur Daley.

    Everything is being noted – expect some turbulence once a Team GB football squad for the Olympics which breaches FIFA selection statutes for instance – so, if only to keep the Gnomes of Zurich off their backs and out of their books and records, the SFA has to grow a pair, suspend “Rangers” from membership pending the clearing-up of the whole mess, and, since he is at the very least under-suspicion through association, put Campbell Ogilvie on gardening leave.

    I welcome the fact the other SPL clubs are at last waking-up to the ticking time bomb which “Rangers” is – now, will the governing body do the same, while we can still speak of “Scottish Football”.

  6. redetin says:

    canadianindie says:
    22/06/2012 at 7:59 pm

    Who is paying the players and staff of Rangers (IL) right now?

    Given the problems with the season ticket account, does Sevco indeed have a bank account for payroll transactions?

  7. Timalloy says:

    Heard a great quote At what point does “walking away” become a STAMPEDE??


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