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Glasgow Rangers signal administration move
If Rangers are skint what hope is there for the rest of Scottish football?
http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17015966
Rangers Football Club has confirmed it has filed legal papers at the Court of Session to appoint administrators.
Rangers now has 10 days to make a decision. In the meantime, it said there would be "no impact on season ticket holders and shareholders".
The move comes while Rangers awaits a tax tribunal decision over a disputed bill, plus penalties, totalling £49m.
The club said in a statement, however, that if the tribunal decided in favour of HM Revenue and Customs (HMRC), it "could result in liabilities and penalties substantially more than the £50m reported which the club would be unable to pay".
Rangers now has 10 days to make a decision. In the meantime, it said there would be "no impact on season ticket holders and shareholders".
The move comes while Rangers awaits a tax tribunal decision over a disputed bill, plus penalties, totalling £49m.
The club said in a statement, however, that if the tribunal decided in favour of HM Revenue and Customs (HMRC), it "could result in liabilities and penalties substantially more than the £50m reported which the club would be unable to pay".