Rangers intends to go into administration

Published:

GLASGOW, Scotland (AP) -- Scottish champion Rangers says the club intends to go into administration, placing the future of the country's most successful team in jeopardy.

The Glasgow team, which has won the Scottish title a national-record 54 times, has lodged legal papers with an Edinburgh court indicating it wants to be taken over by administrators to avoid liquidation because of its grave financial problems.

Rangers is awaiting the verdict from a tribunal with Britain's tax authorities that could leave the club with an estimated tax bill of 49 million pounds ($77 million).

By going into administration, Rangers will automatically be deducted 10 points. The team is currently four points behind Celtic in the Scottish Premier League table.