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SBD Global/October 19, 2012/Franchises

Franchise Notes: Rangers Move Closer To Liquidation

Scottish Third Division Rangers moved a "significant step closer to their inevitable liquidation" when creditors approved the end of the administration process. The administrators have instructed lawyers to make a "formal application to place the company into liquidation" in the Court of Session (Scotland DAILY RECORD, 10/17). ... League One club Portsmouth's administrators have nominated Portsmouth Supporters Trust as its "preferred bidder." Administrator PKF partner and Portsmouth Joint Administrator Trevor Birch said, "We will be working with the Trust, the Football League and the Professional Footballers' Association to conclude the sale of the club as soon as possible" (PA, 10/18).
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