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Doncaster Rangers administration revelation – costs should have been slashed sooner

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SPFL Chief Executive Neil Doncaster has hit out at the Rangers administration process overseen by the Duff and Phelps firm.

In particular, he insists that the cost cutting process was “different from the usual practice”.

His comments came as the liquidators of BDO sue Mr Clark and Mr Whitehouse of Duff and Phelps for a sum of £56.8m claiming a significantly flawed strategy in the saga that followed the events of February 2012.

This weekend starts a bright new era for all at Rangers, heralded with the Premiership trophy being held aloft by the captain, James Tavernier.

The horror, darkness and dismay that enveloped Ibrox for most of the decade since 2012 has now dissapated.

It is in the past but in the background, the fallout and legal wranglings continue between administrators, liquidators and various shadowy figures associated with the whole process.

Doncaster was speaking to Lord Tyre, during proceedings initiated by BDO.

As reported by the Herald:  

“So, the usual practice, in an administration, is termination of the contracts of players who have no transfer value in order to save on expenditure, in the first 14 days, and a mixture, outside of a transfer window, of sales with deferred registrations, FIFA-authorised exceptional sales and/or waiting until the next transfer window and selling players at their value in the transfer market.”

“In contrast, what happened at Rangers was different from the usual practices of an administration.”

In essence, Doncaster is making the point that costs should have been slashed sooner, low value players released and those with a significant price tag should have been cashed-in on, as soon as possible.

As it was Craig Whyte saw that Rangers stumbled through January 2012 before things came to a head the following month.

For the rest of the 2011/12 season, the process emerged with great uncertainty and doubt, ahead of serious upheaval that Summer.

The BDO case continues.

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