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Rangers may not survive

Rangers are a national institution in Scotland but the stark reality is that the club is currently in the hands of administrators and might yet be liquidated in the coming weeks.

Even the fans would have not contemplated that Croatian international striker Nikica Jelavic would be sold to Everton and the SPL would refuse to register his replacement Daniel Cousin. This shortly followed by in excess of 50,000 fans watching in disbelief as the Gers lose at home 1-0 to Kilmarnock.

The nightmare has driven Rangers right to the brink. The club are being investigated by HMRC and might ultimately face a bill of up to £70m. If the club lose the case in a tribunal, with the judgement expected in weeks, this would be a crippling sum Rangers could not possibly hope to pay back.

Sir David Murray's decision to set up Employee Benefit Trusts could be the final nail in Rangers coffin.

SM

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