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Wonder what impact this will have on Scottish football?
Rangers are to go into administration after lodging the notice in Edinburgh at Monday lunchtime.
It is understood Gers have five days in which to formally declare administrators have taken over the running of the club.
The Scottish Premier League champions are facing an uncertain future as they await the verdict of a tax tribunal.
The famous Ibrox club could face a bill in the region of £49million should they lose their dispute with HM Revenue & Customs (HMRC).
Wonder what impact this will have on Scottish football?