Sounds like Rangers have had a fun week of speculation, fan protests that never happened and bizarre bedside interviews. For those that don't follow, here's Wikipedia's condensed version:
On 6 May 2011, Craig Whyte bought David Murray's shares for £1.[158] On 13 February 2012. Whyte filed legal papers at the Court of Session giving notice of their intention to appoint administrators.[159] The next day, The Rangers Football Club Plc – which was subsequently renamed RFC 2012 Plc – entered administration over non-payment of £9 million in PAYE and VAT taxes to HM Revenue and Customs. In April the administrators estimated that the club's total debts could top £134m which was largely dependent on the outcome of a First Tier Tax Tribunal concerning a disputed tax bill in relation to an EBT scheme employed by the club since 2001.[162] However, on 20 November 2012, the Tribunal ruled in favour of Rangers. If that decision is upheld the tax bill could be significantly reduced from an estimated £74m to under £2m. On 4 February 2013, HMRC lodged an appeal of the FFT decision and a further hearing will be carried out by a Second Tier Tribunal.
On 25 June 2012, the Crown Office asked Strathclyde Police to investigate the purchase of Rangers and the club's subsequent financial management during Whyte's tenure.[166]
Charles Green agreed a deal with the administrators of The Rangers Football Club Plc to purchase the company for £8.5 million if a proposed CVA was agreed or to purchase its business and assets for a £5.5million if the proposed CVA were to be rejected.[167] On 14 June 2012, the formal rejection of the proposed CVA meant that the company would enter the liquidation process. The accountancy firm BDO were appointed to reveal why the company running the club failed."
Rangers returned to the footballing pyramid promptly under a new company and resumed life in the fourth-tier of Scottish football. Almost 3 years on from liquidation, Rangers are now seeking their third manager in a matter of weeks whilst allowing the previous managers one year's notice. In effect, you're paying two managers to stay at home. On the pitch they remain a distant second from an unbeaten Hearts in the Scottish Championship (second tier) and financially they seem desperate.
So step forth Newcastle United owner Mike Ashley and former Newcastle United Managing Director Derek Llambias. The two have had a long term interest in the former Scottish giants and Mike has made attempts to increase his share in the club, prompting talks of a potential takeover. He's now won some brownie points after announcing Ibrox won't be used as part of a loan he's intending to throw their way.
And now the best part of the week. An interview Sky Sports conducted with a bed-ridden Charles Green.
Oh and, if Ashley does take over, where does this leave Newcastle United? Well, as Deloitte published the Football Rich List which places Newcastle in the top 20. He'd be daft to sell that.
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