World Cup sweepstakes!

World Cup sweepstakes!

Enter our sweepstake for a chance to win big, and follow all the international football action with Habbox!

World Cup sweepstakes!
Browse the Wiki!

Browse the Wiki!

Start your journey through the biggest repository of Habbo information on the internet!

Browse the Wiki!
Work with us!

Work with us!

Love music? Helping other Habbos? Putting together rooms, competitions, and events? Join the team, we'd love to have you with us.

Work with us!
Administration for Rangers FC0
By - Posted 4th July, 2015 at 9:34 pm

Rangers Football Club, one of the most acclaimed in Scotland, has had to file for administration.

The Football Association (known more commonly as simply the FA) states that any club entering administration, for whatever reason, automatically loses 10 league points, dashing many hopes that Ranges will win the league title this year. At 14:50 (2:50pm for those not acquainted with military time) GMT today the London firm Duff and Phelps were approved by the executives as the best for the job of running the club.

Administration, put simply, is when a sports team (most commonly football, which has the most professional, competitive teams) can no longer afford to pay off its debts, and asks another business to “look after” the club instead. Usually this isn’t for minor debts, with the first owners to fall into administration owing £180 million! However, players and employees are safe throughout this, as all their outstanding wages are paid first. Other clubs’ repayments are next, for instances such as player transfer.

HM Revenue & Customs, abbreviated to HMRC, originally wanted to decide the administrators, but their legal bid failed. They claimed that Craig Whyte, owner of Rangers FC, owed £9 million in both ‘pay as you earn’ and ‘value added tax’ (PAYE and VAT respectively). Mr Whyte himself did admit that the club had asked to appoint a new commander, yet did proclaim that Rangers would “come out stronger and always be here“.

Paul Clark and David Whitehouse representing Duff and Phelps were chosen as the new joint administrators, set to take over the main functions of the club whilst it sorts out the massive debts it has accumulated. The former said some words to enthusiastic reporters at the time “We are working together with management and its major creditors, including HMRC, to achieve a solution to the financial problems which will ensure the ongoing survival of the business, which is of paramount importance to all concerned.

He also thanked fans for their great support in the hard times and that all stakeholders (people with an interest in the club’s actions) were working together to help sort this matter.

But what do you think? Are you a devout Rangers fan like my father and worried about the situation befalling your club? Or are you not particularly bothered with how they’re doing? Or do you support Celtic, their rivals, and are cheering for their 10-point loss? Leave your thoughts below!

Powered by WPeMatico

Like! (No Ratings Yet)

Comments are closed.

  • Send a message to the DJ
  • Events Timetable
  • Upcoming DJs
  • Latest Competitions
    Thread User
    Who's Your Friends? ~Ends December 8th
    Crossmaths ~Ends December 5th
  • Latest Forum Posts
    Thread User
    What was the last thing you watched?
    voyager golden record
    Best travel pictures
    What's the last thing you ate or drank?
    2022 Advent Calendar!
    [OFFICIAL] Design HxHD
  • Latest Wiki Edits
    Wiki Page User
    Festive Tree Outfit
    Angel Wings
    Throne of the Fallen
    Private Hot Spring
    Japanese Onsen
    Ski Resort
  • @Habbox Twitter
    [Forum] Monthly Posting Statistics - NOVEMBER
    The second half of our annual Mirrored Dimensions maze is now open! Halloween is over and now we're getting FESTIVE…
    Habboxween 2022 prize winners!
    It's the final day to enter! Get in quick to win those tasty #Habbo and #HabboNFT prizes, the tasks will close ton…
  • Latest furni
    diamond_painting73 name
    diamond_painting71 name
    diamond_painting68 name
    diamond_painting66 name
    diamond_painting65 name
    diamond_painting64 name
    diamond_painting67 name
    Gem Snake
    Gold H-Phone
    Peacock Vase
    Prime Geode
    Solid Gold Stag Head
    Golden Decanter
    Divine Statue
    clothing_bohonecklace name
    Boho Print Shirt
    Clumsily Tied Bun
    Adorable Sunhat
    Tiger Accessories
    Hello Kitty Backpack
    test_nft_clothing2 name
    Hello Kitty Hat
    clothing_laalaa name
    clothing_dipsy name
    clothing_po name
    clothing_tinkywinky name
    Blue Sapphire Star Hat
    Pearl Grey Star Hat