Glasgow Rangers Football Club are set to enter Administration once again on Wednesday, reports in Scotland suggest.
The famous Glasgow side have been in financial insecurity over the last few weeks and months, and it could all come to ahead on Wednesday.
Earlier this week, the clubs supporters were urged not to buy season tickets for next season.
Controversies including Charles Green and his ownership, and the clubs crippling debts.
The ‘old’ Rangers went into Administration, before being fully Liquidated in 2012, with the Gers having to sell all their prized assets, including Nikia Jelavic and Alan McGregor, as a new club were formed.
Rangers boss Ally McCoist stated just last week…
“It’s not concerning. I was down in London on Thursday at the board meeting and, although I wasn’t involved in the business side of the board meeting, I was involved in the football side.
“I was told it was part of the business plan so, if that’s the case, then I would think that’s fine.”
He added: “I can only say to the supporters that I think things are going reasonably well.”
Last week Rangers chief executive Graham Wallace categorically ruled out a second administration.
However, Rangers still have debts owed to the bank ever since their Liquidation in 2012.
Rangers are currently top of Scottish League One, and are all set for promotion with a 24 point lead at the top.
By Ben Reardon.
@BenReardon1
