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May 18, 2012

Double Trouble

The Scottish League season is now over and, with all cup involvement having ended a very long time ago, Rangers Football Club PLC (in administration) may have played its last ever game.

It is now twelve weeks since administrators Duff and Phelps took over the running of the cash strapped club, and there has been a tremendous amount of sound and fury. But has anything substantial actually changed in that time?

The debts are still there. Costs haven’t been cut to any great extent. And few redundancies have been made, which is unlike any other major administration situation. In fact the biggest change is that Duff and Phelps have earned themselves somewhere north of £2,000,000 in fees so far.

I won’t go through the whole fiasco, the many bidders who have come in and then walked away: the Blue Knights, Bill Ng, Brian Kennedy and Bill Miller. Suffice to say…

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