Rangers survival: ‘In broad terms’

Administrators for Rangers FC PLC (in administration) yesterday released a statement that had emotions swinging.  Subsequent headlines heralded the news:

“Administrators assure supporters that club will continue to exist”

“Rangers ‘will continue as a club’”

“Rangers will survive”

The administrator from Duff and Phelps actually said, “In broad terms, supporters can be reassured that Rangers will continue as a football club”.

“In broad terms”, Clydebank FC survived as a football club, they are away to East Kilbride Thistle on Saturday.  This is a completely empty statement.  Duff and Phelps have given no assurance that a deal to save the club has been reached or that they can compel such a deal.

Off to the juniors with them.

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