Here we look back at the summer of 2012, the events that led up to that being a landmark period for Scottish football and the blow by blow incidents that ultimately led to the liquidation of Rangers FC.
The Rangers Football Club plc entered liquidation on 31 October 2012. The refusal of the CVA forced the administrators to sell the business and assets of Rangers to a new company, operated by Charles Green.
Rangers Football Club has been described by some in the mainstream media as a “new club”, whilst Chief Executive Charles Green has maintained “this is still Rangers”, with the SPL chairman Neil Doncaster saying “it is an existing club, even though it’s a new company”.
Rangers have announced that long-serving kit man Jimmy Bell has died. Bell served for over 30 years in the Ibrox dressing room, a period spanning ten permanent managers, from Graeme Souness to Giovanni van Bronckhorst.
On 16 November 2012, a company called Rangers International Football Club plc was formed and listed on the Alternative Investment Market of the London Stock Exchange and became the holding company for The Rangers Football Club Ltd., which, in turn, owns the football club.
The bookmaker had refused to pay out on a bet made by Kinloch that Rangers would be “relegated” after the 2011–12 Scottish Premier League season. Kinloch said in court that he had placed the bet after learning that Rangers were in financial difficulties.
During the 1990s and 2000s, a period when financial crises and mismanagement were endemic in football, Rangers, a once great football club, regularly posted financial losses.
What happened to Rangers FC in 2012?
The Rangers Football Club plc entered liquidation on 31 October 2012. The refusal of the CVA forced the administrators to sell the business and assets of Rangers to a new company, operated by Charles Green.
Are Rangers FC still the same club?
Rangers Football Club has been described by some in the mainstream media as a “new club”, whilst Chief Executive Charles Green has maintained “this is still Rangers”, with the SPL chairman Neil Doncaster saying “it is an existing club, even though it’s a new company”.
Who died at Rangers FC?
In a statement, Rangers chairman Douglas Park said: “As a club, we are absolutely devastated to learn of the loss of our colleague and more importantly, our dear friend, Jimmy Bell.
Was Rangers formed in 2012?
Rangers Football Club plc, the former operating company, went into administration in February, 2012, after a £9 million PAYE and VAT debt was amassed to the taxman under Craig Whyte’s leadership.
Why did Rangers get demoted?
One of the biggest clubs in British football, Glasgow Rangers, has been demoted to Scotland’s lowest league division. The 30 clubs of the Scottish Football League voted 25-5 in favour of entering the Ibrox side into the Third Division.
How did Rangers go bust?
PAYE (pay-as-you-earn) tax is another factor in Rangers’ administration. In fact, it was the match that sparked the flames of administration. In the current financial year, Rangers failed to pay nearly £9 million in unpaid tax and PAYE to HMRC, which the club’s administrators confirmed last week.
Are Rangers the same club after liquidation?
On entering liquidation, Rangers lost their membership of the European Club Association, and as a new entity they had to reapply for membership.
Are Rangers and the Rangers the same club?
By granting The Rangers FC membership, the SFA has set a very dangerous precedent. They have allowed “Rangers” to tell creditors that they are not the “company,” which owed them over £100m, but tell their supporters that they are the “same club” which profited on the pitch from the debt they have walked away from.
What happened to Jimmy Bell Rangers?
Jimmy Bell, a much loved Rangers kit-man who was adored by many at the club, sadly passed away at the age of 69 on Tuesday. The club he contributed so much of his life towards led the tributes to him as first-team players and directors took part in a minute’s silence outside Ibrox earlier today.
When did Jimmy Bell join Rangers?
Bell worked for Rangers from the 1980s, firstly as the driver of the team bus and then as kit man for more than 30 years. He died days before Rangers beat RB Leipzig to reach the Europa League final.
When was new Rangers formed?
The Celtic fans ad said the term The Old Firm was now redundant “following the liquidation of Rangers (1872)” and stated the new club came into being in 2012.
Did Rangers become a new club?
They have never before been a member of any league, and as a completely new club, applied to the SPL for membership. The SPL rejected the application, so The Rangers Football Club applied for membership of the Scottish Football League and as a brand new member, was placed in the bottom tier, Division 3.
Did Rangers win the 2012 league?
In winning the league, Rangers have stopped Celtic from creating history as the first team ever to get ten titles in a row. After traditionally being one of Scotland’s biggest clubs, in 2012 thy were dropped to the bottom division of Scottish football after big money problems.
Did Rangers lose their titles?
Rangers won’t be stripped of any Scottish Premier League titles – despite making undisclosed payments to players between 2000 and 2011. The club won 5 titles in that period, but an independent panel has ruled that it gained no competitive advantage from breaking the rules.
Why did Glasgow Rangers go bust?
PAYE (pay-as-you-earn) tax is another factor in Rangers’ administration. In fact, it was the match that sparked the flames of administration. In the current financial year, Rangers failed to pay nearly £9 million in unpaid tax and PAYE to HMRC, which the club’s administrators confirmed last week.
When did the Rangers go bust?
It has been ten years since Rangers Football Club plunged into administration. The financial collapse on February 14, 2012, followed months of speculation over the Glasgow club’s balance sheet. And it came less than a year after Craig Whyte bought Sir David Murray’s majority shareholding for £1.
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