The administrators of Rangers, Duff and Phelps, have had to delay naming a preferred bidder for Rangers after the Scottish Premier League announced proposal new rule changes which will be discussed on April 30th.
Under the proposals harsh additional penalties would be applied to any ‘newco’ such as might be formed if Rangers was liquidated. A club in this position would have ten points deducted for the following two seasons and would also have its payments from the SPL slashed by 75 per cent.
The administrators of Rangers, Duff and Phelps, have had to delay naming a preferred bidder for Rangers after the Scottish Premier League announced proposal new rule changes which will be discussed on April 30th.
Under the proposals harsh additional penalties would be applied to any ‘newco’ such as might be formed if Rangers was liquidated. A club in this position would have ten points deducted for the following two seasons and would also have its payments from the SPL slashed by 75 per cent.
One might have thought that it would have been in the interests of the SPL to allow Rangers to be able to compete effectively, but perhaps league bosses are annoyed at the way in which the wool was pulled over their eyes by the previous regime at Ibrox.
Rangers Supporters’ Trusr reacted angrily to the proposals describing them as ‘excessive and draconian’ and pointing out that although they were directed at one club they would affect the stature of Scottish football as a whole. They would consider a boycott by Rangers fans at away games at those clubs backing the plan.
However, Bill Ng, leader of the Singapore-based consortium has said that these new proposals will not affect their bid for the club.