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Re: Football Season 2011/12
http://www.bbc.co.uk/news/uk-scotlan...-west-17026172
Quote:
Rangers Football Club has entered administration - meaning the club will be docked an immediate 10 points in the Scottish Premier League.
It follows a unsuccessful legal bid by HM Revenue and Customs (HMRC) at the Court of Session in Edinburgh to appoint its own administrator.
London-based firm Duff and Phelps was officially appointed at 14:50.
It will now take over the day-to-day running of Rangers while addressing the club's massive debt problems.
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“The only lesson you can learn from history is that it repeats itself”
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