• SPL

Court gives Rangers deadline to find administrator

ESPN staff
February 14, 2012
Under boss Ally McCoist, Rangers are currently second in the SPL © PA Photos
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The Court of Session in Edinburgh has given Rangers until 3.30pm GMT on Tuesday to appoint an administrator. If they do not do so by that time, the court will select one.

Earlier on Tuesday, Her Majesty's Revenue and Customs (HMRC) applied for the court to place Rangers into administration.

On Monday, Rangers confirmed they had filed legal papers to the court, notifying an intention to declare an administrator. They are awaiting a verdict in a tax tribunal with HMRC that could land the club with a bill of £49 million.

The tribunal is centred on the use of employee benefits trusts put in place before chairman Craig Whyte took over from Sir David Murray last May.

If Rangers do fall into administration, they will be slapped with an immediate 10-point penalty under Scottish Premier League rules. Rangers are currently second in the table, four points behind leaders Celtic.

© ESPN Sports Media Ltd.
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