Rangers Football Club was a mighty club, one which dominated the Scottish Premier League along with Celtic, unfortunately times have changed and Rangers is in difficulties.
In recent times we have seen many football clubs fall victim of trying to buy success and not being able to pay the money they owe, but everyone was surprised to find Rangers end up in this difficult situation. The question many ask is, how did this happen?
First and foremost, Rangers suffered the same fate as many other football clubs. By this we mean that Rangers spent way beyond their means in buying and paying their players, the reason for this was clearly to stay ahead of the game in the domestic league and keep winning the title. The problem is that spending like they did was not viable long term.
The reasons why their spending could not continue is because they are in the Scottish Premier League, a league that is not hugely popular like the English Premier League, La Liga or the leagues of Italy and Germany. This means that revenues are not nearly as high as counterparts in other more followed leagues. Spending high with little return causes losses, for Rangers these losses amounted to a colossal £134m.
Now Rangers have been taken over by a new company some would say their fortunes would change, but alas they have not.
Because of the huge losses incurred Rangers registrations with the SPL and Scottish Football Leagues become void and it now finds itself without a league to play in. Although the club has been taken over and finances are sorted in the short term, most of the SPL Chairman have actually declined Rangers the opportunity of playing the Scottish Premier League next season.
Where does this leave Rangers?
Well now Rangers are trying to get into the Scottish Football League but there is an issue with this. Firstly Rangers would love to come in and play in Division One, meaning only a season out of the top flight may happen as they could win and progress back to the SPL. The problem is that many feel this is unfair as Ranger would be allowed straight back in at the top of the SFL.
The alternative would be that Rangers go in at the lowest division; this means the Scottish Football League division 3. The problem here is that teams in division 3 feel that it will be unfair on them as its certain Rangers will win in their first season making the competition for who will win that season almost expected.
Whilst there is a big dilemma facing Rangers, there is a great opportunity for us betting football fans. When Rangers have been given a confirmed decision of where they will start in the Scottish Football League many of us will be visiting our favourite sports betting and online casinos to place bets on whether Rangers will gain promotion straight away, or whether they will languish in the SFL.