Rangers barred from playing in SPL
Tuesday, July 3, 2012
GLASGOW, Scotland (AP) -- Glasgow Rangers will not be playing in the Scottish Premier League next season as a result of the club's financial meltdown, a move that likely ensures rival Celtic will win the title.
The SPL says clubs on Wednesday "voted overwhelmingly" to reject a bid by a reformed Rangers to stay in the division
The 140-year-old club has won a record 54 domestic league titles but has tax debts of 21 million pounds ($32.7 million) and entered bankruptcy protection in February.
Failure to secure agreement with tax authorities led to Rangers chairman Charles Green purchasing the club's assets in a 5.5 million pound ($8.6 million) deal and establishing a new company.
Celtic and Rangers have won every league title since Aberdeen in 1985 and no other club has finished as high as second since Hearts in 2006.