WHO ARE RANGERS?
The current Scottish Premier League champions, and arguably the most successful club in Scottish football history with 52 league titles, 33 Scottish Cups, 25 League Cups and a European Cup Winners Cup triumph to their name. Their biggest and oldest rivals are fellow Glasgow club Celtic, and between them they have dominated Scottish football almost uninterrupted for the last 40 years. They are currently second in the league, just a point behind Celtic, and are competing in the Champions League group stage. SOUNDS GOOD. SO WHAT’S THE PROBLEM? It may not seem much compared to the hundreds of millions of pounds of debt wracked up by the top four clubs in England, but Rangers’ debt is approaching £30m and their bank Lloyds is keen to stop that figure from escalating. The situation has come about mainly as a result of excessive spending during the 1990s and early 2000s. During that period Rangers spent big to recruit top English and foreign stars as they equalled Celtic’s record of nine succ
