Is this the End for Glasgow Rangers?

Glasgow Rangers

Glasgow Rangers today went into administration because of debts which are believed to total around £75 million, The Administrators will take over the running of the club which has been in existance since 1872.

The Current Premier league Champions, Rangers have had 10 points deducted from the current league table which Puts them in second place 14 points behind Celtic killing off any hopes of them winning the league this season.

The Club also have a deadline to get their financial affairs in order before the 31st of March or face expulsion from European competition next season, this expulsion from European competition could be the final nail in the coffin for Rangers because the money earned from European games could provide a lifeline for them.

Will this be the end of Glasgow Rangers? Millions of fans around the world are hoping for a saviour to come along and save the day.


Rangers Badge

Administration

Being under administration does not mean the end of the Ibrox club unless the Administrators decide that the clubs debts are in no way repayable there could be a way back for Rangers but it could mean selling off players to cut the wages bill and selling off some of the clubs assets to pay off some of their creditors.

The worst case scenario for the millions of Fans is that the club could go into liquidation become a member of the elite few teams in Scotland that are just a distant memory.

The loss of Rangers could have a massive impact on Scottish football as a whole as Smaller clubs who rely on the income from matches against teams like Rangers would see a sharp reduction in their income too putting their finances underpressure.



Glasgow Rangers Forever

Glasgow Rangers have a long and successful history, having won more silverware than any other football club in the world. to see the club go out of business and end up in the annuls of Scottish History would be wrong on many levels and would put a heavy burden on the future of Scottish Football, I am a True Blue fan and I pray that Rangers can find a way to survive this situation.

The administrators took over the club today lets hope that they keep with the clubs motto and do us proud with a cry of No Surrender.

GAWN THE GERS!!!!!

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Comments 8 comments

Gordon Hamilton profile image

Gordon Hamilton 4 years ago from Wishaw, Lanarkshire, United Kingdom

Jimmy,

I'm a Rangers season ticket holder, a Rangers shareholder, a Rangers Pools Agent, my body is tattooed with Glasgow Rangers (I regret the last bit - done as a teenager!) and NO WAY do I accept this as the end. I don't even surrender the league title for this season! :)

As a great man once said (apart from Jock Wallace):

We will fight on the beaches,

We will fight on the landing grounds,

We will fight in the hills and on the streets,

We shall NEVER surrender!

In God We Trust

WATP!

Gordon


charmike4 profile image

charmike4 4 years ago from Adelaide, South Australia

This is really disappointing news for the Scottish league. You need strong teams to make the competition interesting. With administration usually the sale of the best players comes next - look at Plymouth Argle (fighting for survival in League 2 after being a mid flight championship team.) Could this be the end of the glory days of the Old Firm matches with Celtic marching into the Champions League each year? Let's hope for a Chelsea style saviour. Cheers Michael


Paraglider profile image

Paraglider 4 years ago from Kyle, Scotland

Hi Jimmy - a sad day for the 'Gers, but like Gordon above, I'm sure they'll get through this. Where would Celtic be without them??


Ghaelach 4 years ago

Hi Jimmy.

A wonderful hub and I don't mean wonderful that Rangers may be finished I mean well written. What went wrong is what we are all asking? If it can happen to Rangers then other big clubs must be sweating at this very moment.

LOL Ghaelach


mike1242 profile image

mike1242 4 years ago from London

As a Rangers Fan its a sad day, i dont see this as the end and with luck like a phoenix the club will come back stronger.


jacqui2011 profile image

jacqui2011 4 years ago from Leicester, United Kingdom

Hi Jimmy, It is such a sad day for Scottish football. My brother and Dad are season ticket holders at Ibrox. It's such a shock. Ally McCoist has done a great job so far of keeping spirits up. I'm dreading the redundancy announcement (probably tomorrow) as we could lose so many of our players. Most of the mess is down to the David Murray era, but I must say I have never trusted Craig Whyte. He denied mortgaging the next 4 years season tickets to raise funds, then admitted it. Then denied stashing money, later found out that his solicitors are holding around £6million for him. He does a runner at the first sign of trouble, leaving Ally and the administrators to pick up the pieces. I think that the best place for Craig Whyte is as far away from Rangers as possible. Great hub and well written. Voted up and interesting.


Dave 4 years ago

I hope Rangers are finished for good, goodbye to pub fights and wife beatings.


GregorMIller profile image

GregorMIller 3 years ago from Glasgow

We will make our way back to the top and it is the first bit of exictement in Scottish football for years. Rangers will never die!

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