2 Oct 2013

Rangers on the road to financial recovery

5:57 am on 2 October 2013

The Scottish football club Rangers has declared its financial problems at an end, two years after one of the British game's biggest names was ruined by a tax scandal and forced to drop to the bottom of the professional leagues.

Rangers, one of the best supported clubs in Britain with average home crowds of 45,000, had to relaunch from the fourth tier of the Scottish game last season after collapsing under a pile of debt. They are now top of Scottish League One - the third tier of the Scottish game.

Rangers had been Scottish champions a record 54 times before their collapse last year, which was seen as a warning to other British teams to clean up their finances.