RFC 2012 P.L.C. (SC004276): administration
- Status
- Administration ended
- Administration began
- 2012-02-14
- Administrators
- Paul John Clark, David John Whitehouse
- Administrators' firm
- Kroll
- Formerly
- The Rangers Football Club P.L.C.
- Incorporated
- 1899-05-27
- Location
- Glasgow
- Industry
- 93120 Activities of sport clubs
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
Statutory information on the Company and a summary of its financial history is included at Appendix 1.
At the Appointment Date, the Company employed 326 staff, 67 of whom were Playing Staff in either the First Team Squad, Reserve Squad or the Football Academy.
The Football Club was founded in 1872 and incorporated as the Company in 1899. It is one of the most successful and renowned football clubs in the world. The Club plays in the SPL and has been a member of the SPL since its formation.
Administrators' statement of proposals (2012-04-17) · Companies House register