Apr 8, 2013
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Rangers was placed into administration on 14 February 2012 as a result of financial problems. This resulted in the club being deducted 10 points, as per SPL rules, which extended Celtic's lead at the top of the league to 14 points.
A failure to reach agreement with creditors on 14 June 2012 led to The Rangers Football Club Plc entering the process of liquidation. Its business, 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 the transfer of Rangers' SFA membership which was agreed by the SFA upon acceptance of a number of conditions, including a one-year transfer ban (taking effect from the end of that summer's transfer window). Though an application for membership of the Scottish Premier League was rejected, an application to the Scottish Football League was accepted, with member clubs deciding to place Rangers in the lowest division, the Third, for the start of the 2012–13 season rather than the First Division as SPL and SFA had sought.
The Rangers board then had to appoint a new manager. As they were making a fresh start, the board decided to appoint a newcomer. This newcomer went by the name of Lewis Darling. His challenge was to be promoted. Time to see if he would succeed.