Ibrox club in serious financial dire straits.
SPL leaders Rangers could be docked as many as 75 points if they are forced to become a new entity due to their current financial problems, according to the Daily Record.
The Ibrox giants are facing a £49 million tax bill which early this month club chairman Craig Whyte admitted was “paralysing” the club.
The Scottish champions are involved in two separate disputes with HM Revenue and Customs, relating to payments before Whyte completed his takeover.
A tax tribunal, which could cost the club £49m, will resume in November.
Now the Daily Record is claiming that there would be no way that Rangers could possibly pay that money back, and that the penalty for entering a club into the SPL under a new guise would be severe.
If such a situation transpires, then the Record claims that Rangers could face an extra 15 point deduction on top of the usual 10 point deduction that goes to a club that enters administration.
In the piece written by James Traynor, the paper also claims that such a penalty could be imposed for three consecutive season meaning they would be docked 75 points in total.
Rangers are currently 12 points clear of arch rivals Celtic, and nine in front of second place Motherwell and seemingly on course for another title success. However talk of a points deduction and a huge tax bill could cripple the Ibrox side and one wonders just how this will all pan out for the SPL.
Neil Lennon must be watching on anxiously as any deduction would at least give the Bhoys faint hope of success this term. Ironically Celtic’s continued participation in the Europa League was down to a similar case of a team being punished, with Sion being dumped out of the competition by UEFA.