Talking to a very good (tax) insider, Rangers WILL lose the big tax case, but the verdict may not be imminent.
Setting that aside (!) they will not get a CVA through, no chance. HMRC and Ticketus will vote against it.
Forget all you're reading, this will happen.
So they will be liquidated and sold off.
That's not all, they will be an embarrassment to the SPL once the big tax verdict reveals what they've been up to, breaking rules and regulations all over the place. All this prevaricating is only delaying the inevitable; think the administrators know that deep down. There is no way out for them, and the SFA/SPL have a lot of big decisions to make.
Seems to me, hiding them away in Div 3 would be the best option.
The newco could of course buy out another club, maybe Cowdenbeath, and get back to the top flight quicker, but that would be an even bigger stain on their 'history'; the newco wouldn't have one of course.
This story is only going to get bigger, and will go down as one of the most significant landmarks in Scottish football history.
And yes, I'm loving it seeing one of the Old Firm cut down to size.
The Old Firm, fuelled by bigotry, have used Scottish football as their plaything for far too long. All that Dambusters stuff and Irish music, give me a break! The rest of us are sick to the back teeth of it all, and forever being told we need them. We don't.
Forget the TV money in the short term, painful though that might be. Rangers going bust will be one of the best things ever to happen to the Scottish game.