Rangers Go Into Administration!
1st July 2011
Rangers owner Craig Whyte today gave a statement which confirmed that Rangers were today put into administration. The Motherwell-born businessman stated that it was done in the best interests of the club and supporters and that the club would survive! Whyte says that it was a hard decision for him and his collegues to make but he beleives that, by the end of it, Rangers Football Club will come out a stronger and more secure club.
Going into adminstration means that Rangers will be deducted 10 points for the start of the new season and also that the club will have to make cuts by sacking some playing and non-playing staff. Boss Ally McCoist said: "It is a very sad day for the club and all associated with it but I beleive Mr Whyte has made the best decision for the club." When asked his about his future he said: "I have only been here a few weeks and Mr Whyte has told me that I will not be affected when the club has to make cuts"
1st July 2011
Rangers owner Craig Whyte today gave a statement which confirmed that Rangers were today put into administration. The Motherwell-born businessman stated that it was done in the best interests of the club and supporters and that the club would survive! Whyte says that it was a hard decision for him and his collegues to make but he beleives that, by the end of it, Rangers Football Club will come out a stronger and more secure club.
Going into adminstration means that Rangers will be deducted 10 points for the start of the new season and also that the club will have to make cuts by sacking some playing and non-playing staff. Boss Ally McCoist said: "It is a very sad day for the club and all associated with it but I beleive Mr Whyte has made the best decision for the club." When asked his about his future he said: "I have only been here a few weeks and Mr Whyte has told me that I will not be affected when the club has to make cuts"