Not a Lotta Love for Glasgow Rangers on Valentines

February 17, 2012 by
Filed under: Administration 

February 14th 2012 saw Glasgow Rangers enter administration. The duo brought in to help with the Club’s restructuring are now dealing with the administration, following what has been dubbed an ‘unprecedented duel’ with HMRC. Hopes of holding off creditors for 10 days following the filing of their intention to appoint administrators were dashed when HMRC stepped in to try and appoint their own administrators with claims that the Club owes £9million in unpaid PAYE and VAT. There is also a question of some unpaid tax that could cost the Club around £80million.