Soccer News
Glasgow Rangers docked 10 points after entering administration
Feb 14, 2012, 15:58 GMT
London - Glasgow Rangers, one of the most famous clubs in Scottish football history, were docked 10 points on Tuesday after they officially entered administration.
On Monday, Rangers owner Craig Whyte revealed the plans to enter administration, believing they had 10 days to make a final decision.
But the club were forced to act quickly after HM Revenue and Customs (HMRC) tried to appoint its own administrator at the Court of Session in Edinburgh.
HMRC believes Rangers owe around 50 million pounds (78.3 m illion dollars) in unpaid tax, due to its use of Employment Benefit Trusts (EBTs) to pay staff over a 10-year period, beginning in 2011.
Rangers are disputing the figure and have appointed administrators Duff and Phelps, who will take over the day-to-day running of the club.
As a result, Rangers suffered the automatic penalty of a 10-point reduction from their points total in the Scottish Premier League.
Whyte believes the eventual tax liability could be as much as 75 million pounds and it seems inevitable that some players will have to be sold to reduce costs.
Rangers are due to play Kilmarnock in Glasgow on Saturday but the match may be in danger if the club cannot pay the police.
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