Rangers FC to go into administration

[From the Bunker]

They'll be dancing in the streets of Raith tonight.

Is there more than one street in Raith? 

[T Fearon]

The Big Cod Cup Final Alistair will be under enormous pressure when Dundee Utd dump Rangers out of the Scottish Cup next weekend

[THE MIGHTY QUINN]

Lennon's league win gets him to Europe, so it's not at all hollow

[BennyCake]

Did Raith win? What was this match anyway? The same as the English Milk/Coca Cola Cup?

There won't be a cow milked in Raith tonight...

[From the Bunker]

Did Raith win? What was this match anyway? The same as the English Milk/Coca Cola Cup?

There won't be a cow milked in Raith tonight...

Nah, it would be like The Football League Trophy, also known as the Johnstone's Paint Trophy.

[Lamh Dhearg Alba]

Lennon's league win gets him to Europe, so it's not at all hollow

His budget absolutely dwarfs everybody else in the league so he has to win it by very considerable margin. With no real threat from Rangers he should also have an easy treble but somehow managed to fail to win either of the domestic cups, losing at home to a side who are about to be relegated to the third tier in one of them. To end up with just the league title in these circumstances was indeed a hollow success, reflected by the poor crowds throughout the season. I think most realistic Celtic fans accept that it was a season of failure at Parkhead.

[Main Street]

Lennon's league win gets him to Europe, so it's not at all hollow

His budget absolutely dwarfs everybody else in the league so he has to win it by very considerable margin. With no real threat from Rangers he should also have an easy treble but somehow managed to fail to win either of the domestic cups, losing at home to a side who are about to be relegated to the third tier in one of them. To end up with just the league title in these circumstances was indeed a hollow success, reflected by the poor crowds throughout the season. I think most realistic Celtic fans accept that it was a season of failure at Parkhead.

Celtic won the league with a commendable nr. of points gained. The best ever by any team, against teams, who in some knowledgeable opinions, are all the stronger by not having Rangers there. The cup campaigns were a failure obviously but Celtic are ending their season  by playing good football and wiping the floor.
Who gives a toss what you think    you're a Celtic fc hater aren't you? probably one of those prejudiced Scots who just loves to hate Celtic?

[under the bar]

Lol @ Rangers Keeper.   Paddy Cullen-esque!   

[From the Bunker]

Looks like Rangers will have to do with winning the (Division 1) League title. That's two league titles in a row. Next year they can go for three in a row. Only six more then to equal the record. 

[Lecale2]

More trouble at "The Big Hoose". New Rangers could follow the old club's path into administration within the year.

http://www.bbc.co.uk/sport/0/scotland/27165564

[From the Bunker]

More trouble at "The Big Hoose". New Rangers could follow the old club's path into administration within the year.

http://www.bbc.co.uk/sport/0/scotland/27165564

I cannot get over how they have to spend so much money? Why? They had the League title tied up before Paddys day. So I don't see how they need to have the quality of players that they have yet?

[magpie seanie]

How many times can they fail and be resurrected. The Scottish Shamrock Rovers....

[red hander]

http://www.bbc.co.uk/sport/0/football/27177760

Wallace being probed by cops and the Huns not accepting credit card/debit card payments for season books as it is too costly to administer ...  s'pose I'd better get the jelly and ice cream supplies in, sit back and enjoy them implode... again

[PAULD123]

Wallace has nothing to answer for. Under stock market rules when he sated that Rangers were capable of being a going concern for the next 12 months he is entitled to rely on financial projections. He is entitled to assume that the season ticket money would be greater than this season and also allowed to assume that any future share issue would be similar to the last share issue. Ok, both of these assumptions are a bit of  a stretch but not totally obviously false. As such, they are within reasonable possibility and Wallace is allowed to make them when stating going concern status. Nothing is certain in business so the stock market allows a fair bit of leeway when making statements.

I am more interested in the actions of Dave King. Here is a man with plenty of cash who claims to be a Rangers fan. But every statement he makes causes Rangers serious financial and administrative problems. He isn't just mouthing off he knows that he is causing the downfall of the club. In fact directly he called to withhold season ticket money which would almost certainly bankrupt the club. Interestingly he has never taken shares which means he can say what he likes without breaking stock market rules on price sensitive information.

I am thinking Dave King positively wants Rangers to go bust. He wants them in administration. Because then he could buy them for £1 and pay of debts which would be a lot cheaper than just buying £10M shares to get a 60% control.

[red hander]

Mike Ashley having to bail them out, Craigy boy extradited from Mexico to appear in court, the Rangers shop in Belfast city centre closing down, Castle Greyskull looking at yet another share issue ... there's no end to this soap opera