[FONT="]Rangers was placed intoadministration on 14 February 2012 as a result of financial problems. Thisresulted in the club being deducted 10 points, as per SPL rules, which extendedCeltic's lead at the top of the league to 14 points. [/FONT]
[FONT="]A failure to reach agreement withcreditors on 14 June 2012 led to The Rangers Football Club Plc entering theprocess of liquidation. Itsbusiness, assets and history were sold to a new company, Sevco Scotland Ltd,which was later renamed The Rangers Football Club Ltd.This company then applied for thetransfer of Rangers' SFA membership which was agreed by the SFA upon acceptanceof a number of conditions, including a one-year transfer ban (taking effectfrom the end of that summer's transfer window). Though an application formembership of the Scottish Premier League was rejected, an application to the ScottishFootball League was accepted, with member clubs deciding to place Rangers inthe lowest division, the Third, for the start of the 2012–13 season rather thanthe First Division as SPL and SFA had sought. [/FONT]
[FONT="]The Rangers board then had toappoint a new manager. As they were making a fresh start, the board decided toappoint a newcomer. This newcomer went by the name of Lewis Darling. Hischallenge was to be promoted. Time to see if he would succeed.[/FONT]
[FONT="]A failure to reach agreement withcreditors on 14 June 2012 led to The Rangers Football Club Plc entering theprocess of liquidation. Itsbusiness, assets and history were sold to a new company, Sevco Scotland Ltd,which was later renamed The Rangers Football Club Ltd.This company then applied for thetransfer of Rangers' SFA membership which was agreed by the SFA upon acceptanceof a number of conditions, including a one-year transfer ban (taking effectfrom the end of that summer's transfer window). Though an application formembership of the Scottish Premier League was rejected, an application to the ScottishFootball League was accepted, with member clubs deciding to place Rangers inthe lowest division, the Third, for the start of the 2012–13 season rather thanthe First Division as SPL and SFA had sought. [/FONT]
[FONT="]The Rangers board then had toappoint a new manager. As they were making a fresh start, the board decided toappoint a newcomer. This newcomer went by the name of Lewis Darling. Hischallenge was to be promoted. Time to see if he would succeed.[/FONT]