FEBRUARY 18TH 2012
FA CUP TIME:
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FEBRUARY 15TH 2012
Rangers enters administration
the pride of Scottish football has gone into administration automatically implementing a 10 point penalty and handing Celtic the championship, it also raises questions of the long term future of rangers as it fights to clear its debts and pay the tax payback the 125 million pounds it owes to the tax payer. now under administration there will also be a transfer embargo in place meaning that they will not be able to sign new players. no one knows how long the club will remain in administration but it makes one wonder that how a team with 52 domestic titles have fallen into such financial peril , even if rangers have got into the champions league they would have not been allowed to participate under uefa"s financial fair play rules which states that a club must break even over a 3 year period and that a owner can cover up to 50 million pounds of the debt.
The probelm started in the 1990s which saw them spend vast amount of money and saw them be in the red by 3o million pounds for three straight years,this financial mismanagement lead to the clubs crippling debt.It was a case of short term gain Long term lost.
Ibrox the home of rangers football club |
The probelm started in the 1990s which saw them spend vast amount of money and saw them be in the red by 3o million pounds for three straight years,this financial mismanagement lead to the clubs crippling debt.It was a case of short term gain Long term lost.
This week:
- Reports on selected champions league games.
- Reports on EPL games.
- la liga & serie a.
- Special report on the state of the English national game.
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