Rangers in crisis: SFA chief Stewart Regan demands Charles Green reveals his mystery backers - The Daily Record
The saga continues..........why on earth would any sensible business person even think about buying Rangers FC with so much debt attached to the club? Sure a new company, which would be debt free could be started up if creditors agree to take pennies in the pound of the debt owed. This would put the club back to zero as far as the accounts are concerned.
However, they are banned from Europe for next season and will have little income. Players will bolt for the door as soon as they can do to seek better football. They cannot afford to buy new players and can only field the boys club as a team for next year!!! it is still possible that they will e demoted to the first division as well. Any supporters left will need to get their satnav units out to find some of the away venues which again will produce little income.
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