Is Rangers going bust?
The Rangers Football Club plc entered liquidation on 31 October 2012. Rangers gained promotion to the first tier of the Scottish leagues in 2016, and in 2021 won their first Scottish league title since the insolvency.
Why did Rangers go into administration?
Rangers went into administration on Valentine’s Day, 2012, after HMRC took them to court over an unpaid £9million tax bill. Paul Clark and David Whitehouse of Manchester-based firm Duff and Phelps took over the club as administrators that afternoon and began the process of trying to stop Rangers’ financial bleeding.
Why did Rangers change their name?
Liquidation and current ownership Sevco Scotland Ltd (subsequently renamed The Rangers Football Club Ltd.) was formed to ensure that if the formation of a new company was required in the event of a CVA being rejected, then the club’s corporate entity would be a Scottish registered company as it has always been.
Why are Rangers called the teddy bears?
The club are nicknamed The Teddy Bears, from the rhyming slang for Gers, which in turn is short for Rangers, and the fans are known to each other as “Bluenoses”. The club’s correct name is simply Rangers F.C., although they are sometimes referred to as Glasgow Rangers for European matches to avoid confusion.