THE RANGERS FC LIQUIDATION AND LESSONS LEARNED IN FOOTBALL FINANCE

In this essay we will discuss Glasgow Rangers FC (officially: Rangers Football Club), the Rangers’ liquidation of 2012, and how past events are affecting football finance moving forward. Additionally, we will demonstrate the moral behaviour of Rangers before and throughout the liquidation process. Rangers FC, one of Scotland’s biggest football clubs, then owned by Charles Green, faced problems with paying their taxes to Her Majesty’s Revenue and Customs (HMRC). Back on 31 October 2012, they owed millions in taxes. The HMRC recommended that liquidation be the appropriate course of action to safeguard taxpayers as Rangers owed millions in taxes that hadn’t been paid over the years. In the first author’s personal opinion, justice has not been served by Rangers. The consequences faced by both Gretna and Juventus are a lot harsher than those faced by Rangers. Rangers acted unethically throughout the whole process and weren’t punished appropriately.