ANDREW VORCE - Thursday, February 16, 2012
Rangers announced on Tuesday that the club would enter administration due to the inability to pay it's bills in adherence with HM Revenue and Customs (HMRC).
By entering administration Rangers have now been deducted the standard 10 points, which sits them solidly in second place in the Scottish Premier League.
The club only changed ownership over the summer, a deal which had been three years in the making. Former owner Sir David Murray sold his controlling 85% stake in the club to Craig Whyte on May 6, and on February 13th the club finally decided to enter administration by accepting the 10 point deduction.
It is unclear at present wether the club will have to sell any players, with new faces such as Alejandro Bedoya and Carlos Bocanegra looking to selidify their place at Ibrox Stadium.
In an interview with Sky Sports Bocanegra remained up beat, commeting "It's a difficult situation for [the fans] but we need to go out there and give them something to look forward to.
"The fans are pretty loyal and their roots are pretty deep and tied in with this club. I don't see that going anywhere."
Bocanegra and company have the chance to thrill the fans with a weekend game at home to Kilmarnock who are in eighth place currenlty.