FIFA set the record straight

While the SFA duck and dive to avoid stating the obvious FIFA have confirmed that the 140 year old time line of Rangers died in the summer.

The nightmare scenario that Stewart Regan hoped he’d never face came to fruition on June 14 when despite a nod in the direction of Charles Green HMRC rejected the offer on a CVA plunging Rangers from administration into liquidation.

While Duff & Phelps quickly sold on Murray Park and Ibrox for a knockdown £5.5m to the man with big ‘ands from Yorkshire the business of liquidation began with BDO tasked with the job of unravelling the paperwork that killed off the football club from Govan.

Having buried their heads in the sand for months while licensing a club whose last audited accounts had been published in June 2010 panic set in at the SFA as they attempted everything in their power to disguise the reality in a bid to keep the sponsorship gravy train flowing.

Every year FIFA deal with the death of football clubs with Unirea Urziceni going out of business just two years after becoming Romanian champions and competing in the Champions League.

On the FIFA website today, under the title of 12 moments that shaped 2012, FIFA duly recorded the death of Rangers whilst acknowledging the success of the newco in the fourth tier of Scottish football.

Under the headline of Rangers go under Fifa state: “Rangers’ perilous financial position had been an open secret but there was still shock when, after 140 years of history and a world record 54 league titles, the club was consigned to liquidation in mid-June.

“The Glasgow giants were subsequently reformed as a new company and granted entry to the Third Division, Scotland’s fourth tier, which they currently lead by nine points with a game in hand.”

The new company will only be eligible to take part in European football once they have produced three years of audited accounts.

CLICK HERE for FIFA comment, not some freelance zombie zoomer overdosing.