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.
More like this
Dundee FC to replace Rangers and play in SPL
