Scottish Premier League : Due to Debt, Rangers FC Banned
GLASGOW – Due to a $32.5 million debt, the Scottish Premier League voted Rangers FC out of the top division of Scottish football for the 2012-13 season.
Rangers FC, who hold a domestic record of 54 Scottish Premier League titles, 27 Scottish League Cup titles, and 33 Scottish Cups, entered bankruptcy protection in February 2012 after owing up to $208 million to unsecured creditors. The ‘Gers’ 54 league titles and seven domestic trebles are the most of any football club in the world.
Among their many accomplishments, Rangers FC would become the first British club to reach the UEFA Final in 1961, when it was known as the European Cup Winner’s Cup. None of that matters now, as Rangers FC’s banishment from the Scottish Premier League is a dark day, not only for the proud Glasgow-based club, but for European football as a whole.
Rangers FC faces the possibility of being liquidated and seeing its Scottish FA and Premiership memberships stripped.
With Rangers FC banned from Scottish Premier League fixtures, the Rangers “newco”—led by Charles Green—will seek admission into the Scottish Football League for the upcoming season. Scottish Football League clubs are expected to vote on Rangers FC’s admission into the Scottish First Division on July 12.
Robert D. Cobb is the NBA Network Manager for Rant Media Network, Featured Writer of the Cleveland Cavaliers, and Featured Columnist for the Cleveland Browns and Arsenal Gunners.
In addition to covering the NBA, I also cover MLB, NFL, NHL and Champions League soccer news, rumors and opinions, please follow me on Twitter at @RobertCobb_76
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