Rangers timeline: From Scottish champions to Division 3 in only 14 months
CRAIG Whyte bought Rangers for £1 in May of last year. Now, they’re poised to compete in Scotland’s bottom division. But how did the slide come about?
6 MAY, 2011 – Craig Whyte buys Rangers for £1.
15 MAY – Rangers champions for third year in row.
11 AUG – Sheriff officers visit Rangers over a disputed tax bill of £2.4 million.
13 SEP – Judge freezes £500,000 of Rangers’ assets over fears of “insolvency”.
1 DEC – Whyte comfirms he was previously banned from being a company director.
9 JAN, 2012 – Rangers suspended from stock exchange for failing to file accounts.
13 FEB – Rangers announces it will go into administration.
14 FEB – Rangers in administration appoint Duff & Phelps to run business.
21 FEB – Whyte admits using £24m season ticket cash from Ticketus to fund takeover.
27 FEB – Rangers fined £50,000 over Whyte’s director ban.
2 MARCH – Administrators seize £3.6m from Craig Whyte’s lawyers.
8 MARCH – SFA declares Whyte unfit to hold a position in football and confirms Rangers facing charge of bringing game into disrepute.
4 APRIL – Duff & Phelps says it has received four bids for club.
23 APRIL – Whyte fined £200,000 and banned from Scottish football for life; Rangers fined £160,000 and given 12-month embargo on signing players. Transfer ban ruled unlawful in Court of Session in May.
3 MAY – American businessman Bill Miller given preferred bidder status, only to withdraw bid on 8 May; Blue Knights consortium withdraws interest on 11 May.
13 MAY – Administrators announce sale to consortium led by Charles Green.
12 JUNE – HMRC announces it will not accept Company Voluntary Arrangement and forces Rangers into liquidation. Green buys assets on 14 June.
25 JUNE – Crown Office instructs Strathclyde Police to conduct criminal investigation into Whyte’s takeover and subsequent financial management.
4 JULY – SPL clubs vote “overwhelmingly” to reject newco Rangers’ application to join.
13 JULY – SFL votes to send newco to the Third Division.
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