What happens if rangers go into administration

This was confirmed less than two weeks later when the SFL allowed Rangers to enter the Third Division the following season. Smith did return to Ibrox later that year as a non-executive director following an earlier invitation to join the board by Green.

Things seemed to settle down but shortly after Rangers wrapped up the Third Division title in , chaos ensued once again as Green was forced to step down following an internal investigation into his ties to Craig Whyte. Smith took on the role of club chairman while throughout the summer, shareholders led by Paul Murray launched bids to get rid of certain directors.

Green returned to the club in August as a consultant to advise Rangers' shareholders, after which Smith resigned in protest. The Englishman was forced to step down for good later that month, selling all of his shares to Sandy Easdale.

In what was to be the beginning of another long-running battle for the club, David Somers was appointed as acting chairman of Rangers in November that year, while former Manchester City CEO Graham Wallace also moved to Ibrox to become chief executive. Dave King, a major shareholder himself, started voicing his opposition to the board publicly and joined together with the fans in protesting against them.

As a result of their criticism, the board revealed that only 17, season tickets were sold ahead of their Championship campaign. Ashley went on to buy more than four million shares in the club to significantly increase his holding. On the pitch, the team were having bad fortunes under McCoist and he left the club shortly before Christmas. A stormy AGM at the end of resulted in the board remaining in place but it was a perilous situation as anger grew among the Rangers faithful.

Ashley applied to increase his shareholding to almost 30 per cent but this was rejected by the SFA at the turn of the year in It may have been a loss for the businessman but he did succeed in having his ally Barry Leach appointed to the board at Ibrox just a few days later.

King had not stayed quiet however and was successful in calling for an extraordinary general meeting EGM to be held in a bid to get rid of the directors and take control of the board.

King, along with Paul Murray and John Gilligan, were overwhelmingly backed by the voters and appointed to the board in order to try and finally bring stability to Rangers. Rangers failed to get promotion back into the Premiership in after losing their play-off against Motherwell on aggregate.

The club appointed former Brentford boss Mark Warburton as their new manager in June. Warburton quickly turned the team's fortunes around, and with the help of some new signings, the club were able to add the Challenge Cup to their trophy cabinet.

And after dominating the Championship for the majority of the season, Rangers won promotion to the Premiership in April Martin Bain, the club's chief executive, and director Donald McIntyre are suspended and placed under internal investigation. September 27 - In an interview with The Telegraph, Whyte says Rangers will have to go into administration if they lose their tax case, but he insists he will not allow the club to go bust.

November 30 - The club confirms to a stock exchange in London that Whyte was previously banned from company directorship for seven years in January 9 - Rangers are suspended from the stock exchange over their failure to file audited accounts. That is a standard punishment for any SPL club suffering an "insolvency event" as covered by the league's rules. They state: "Where the Insolvency Event occurs during the season, the points deduction shall apply immediately.

Will they be able to play against Kilmarnock on Saturday? There is no reason why they wouldn't be able to fulfil the fixture, unless the administrator appointed disposed of such a large percentage of the playing staff that a team could not be put together. That scenario is extremely unlikely. What happens to the players?

That is very much down to the administrator. When a club enters administration, there is a moratorium on the debt to allow the club the chance to continue. Players' contracts are still valid and will continue to be honoured if the administrator decides the club can afford to do so. But it emerged in court today that Rangers, who have been deducted 10 points by the Scottish Premier League, had lodged their intention yesterday moments before HMRC attempted to put them into administration.

And it was later confirmed that HMRC's action had nothing to do with the dispute surrounding payments made to employee benefit trusts from to , which was heard at a tribunal last month, but on unpaid bills from Whyte's tenure.

An HMRC statement today read: "We can't discuss specific cases for legal reasons but tax that has been deducted at source from the wages of players and support staff such as ground keepers and physios, must be paid over to HMRC.

For whatever reason, Rangers often seems to stand alone in this regard. Many influential figures and organisations within the game have also supported the idea that Rangers are still the same club. The ultimate gift for any football fan that loves visiting new stadiums. With this map, your fan can scratch off every stadium they've visited and proudly show off where they've been.

Read the full review here. Matthew is a freelance sports journalist from Warrington, England. See Matthew's MuckRack profile. Anything else is slight of hand boohah, a manipulation of facts as it were, by interested parties, to keep the gravy train rolling. However, he spends too much over the years chasing those shiny baubles, and subsequently goes into liquidation. Sounds a bit ridiculous when you put it like that, no?

But hey, if it eases your sleep at night, rock on, but those who do not believe any old pish that some people tell them, know better. How the company Bob? Yes he can call himself Bobs entertainment company.