Liquidation of Rangers would have its benefits
Whilst it is always sad to see any business in financial difficulty, I really am surprised at the column inches (not to mention the wailing and gnashing of teeth) devoted to the present problems of Rangers Football Club.
As the club is neither a major employer nor essential to the Scottish or UK economies, one trusts that no public funds will be forthcoming to bail it out.
If administration is unsuccessful, it may well be that the public interest is best served by liquidating the assets of the company in order to pay HMRC what they are due.
Selling the Ibrox stadium off for housing development could maximise the eligible proceeds as the absence of football crowds on match days would certainly increase local property values to the benefit of residents and investors alike.
And, once grounds and players are disposed of, there will also be a residual value in the Rangers brand.
John Eoin Douglas
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