Despite working in the financial secotor, I haven't really followed this debacle in any great detail, purely because it's so boring.
The way I see it though, Rangers are fucked regardless of the outcome. Hence why I had to laugh when they were singing ' Every little thing is going to be alright ' today.
I can see 3 scenarios:
1) Rangers lose big tax case and are liquidated and cant agree a CVA and cease to exist in their current form... Have to reapply to the SPL blah blah...
2). Rangers lose big tax case but reach a CVA with there creditors (10p in the pound for example, and owe around 10 milliion) so with this debt plus no season ticket income (ticketus) they have a playing budget, which is, at best, similar to SPL teams like ourselves for the foreseeable future.
3). Rangers win big tax case but still have to reach a CVA with other creditors ( wee tax case, Craig Whyte, etc ) so with this debt plus no season ticket income (ticketus) they have a playing budget which is, at best, similar to other SPL clubs like ourselves for the foreseeable future.
1 of the 3...take your pick lads