Further doom and gloom for the Ibrox side.
Relaunched Rangers could face penalty under SPL proposals
Rangers could start the next two seasons with a 10-point deduction, if they are relaunched as a new company.
The Scottish Premier League will consider new proposals for financial fair play at a meeting on 30 April.
Currently in administration, Rangers face potential liquidation and may transfer their assets to a ‘newco’.
Rangers’ administrators Duff & Phelps say the announcement of the new proposals has caused “a delay in the sale process”.
Under the SPL’s new proposals, clubs who enter administration would be docked at least 15 points instead of the current penalty of 10.
If passed, clubs who suffer an insolvency event would incur a penalty of the greater of 15 points or a third of the their total of points from the previous season.
SOURCE: BBC Sport
As if things were not already dire at the Glasgow club it seems the spectre of financial ruin could well hang over the club for some time to come. It seems the idea of moving to a ‘newco’ state of affairs is very much something the club’s supporters are against, hence their mass protest at such a plan during their last SPL fixture, but one wonders what other realistic options are available to the club.
On the plus side, and without trying to be too glib, a ten point penalty would probably not prevent Rangers from still finishing in second spot given the domination the Old Firm sides still have over the rest of the pack.