Rangers go into Administration

Rangers are to go into administration after lodging the notice in Edinburgh at Monday lunchtime.

It is understood Gers have five days in which to formally declare administrators have taken over the running of the club.

The Scottish Premier League champions are facing an uncertain future as they await the verdict of a tax tribunal.

The famous Ibrox club could face a bill in the region of £49million should they lose their dispute with HM Revenue & Customs (HMRC).

The club's financial problems are well documented following the decision to sell star striker Nikica Jelavic to Everton in January.

Sky Sport news.

Pompy also stated today that they are heading back in to admin too

Football is in financial meltdown

You can blame the cheatski owner for this

Well if there problem is with HM revenue, just claim the tax stuff was done by the managers dog and say 'I'm a bit fick in I' and they will get off!

But it does show how even 'fairly' big clubs are staring down the barrel of a rather large gun these days. over paying on what they are going to make from the TV. I'm sort of glad we have GaS in charge, they are more than a bit canny and will be looking to make money long term on West Ham.

8 English clubs also under the same HMIT investigation. Anyone willing to bet that we're not one of them?

dont think we are johnny, think we owe most of our cash to the banks , hense we can barter a bit better

@ Blakey

Rangers look dekcuf!!
they have to make £1M a month in cuts just to stay alive

Kinda makes me glad we have the smutt traffickers in charge

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Port Vale have said they will go in to admin on friday, sad for the club but the out of control spending has to stop

tip of the iceberg ?

i can only hope that football is brought back to the working classes, and we can have our game back again

rumour out there that Rangers have lost their tax case