Rangers enters administration, docked 10 points

Soccer Betting Lines

02/14/2012 - Glasgow, Scotland (Sportsbook Betting Lines) - Scottish Premier League champions Rangers entered administration Tuesday, which automatically penalized the storied club 10 points, and essentially handed the title to rival Celtic.

Rangers needed to enter administration because of a dispute over taxes, which could total around $100 million. The 54-time Scottish champions fell 14 points behind Celtic in the table, all but ending their current three-year title run.

"It remains our firm belief that the club's future can be secured and we hope this period of administration will be as short as possible," Rangers chairman Craig Whyte said in a statement.

"As chairman and a Rangers fan, it is very painful to see the club being deducted 10 league points but I would urge all Rangers supporters to rally round Ally McCoist and the team in these difficult times."

In addition to the tax woes, "the club has been loss making for many months," according to Whyte.

Considering all the problems, the Glasgow club had "no option but to formally restructure its financial affairs," Whyte added.

Casinoonnt Soccer Betting News

<< Atletico duo ruled out of Europa League tie
Madrid, Spain (Sportsbook Betting Lines) - Atletico Madrid revealed Tuesday that midfielder Thiago and defender Antonio Lopez have been ruled out of Thursday's Europa League tie against Lazio as the two players are still recovering from injurie

<< Bombers re-sign Morley
Winnipeg, MB (Sportsbook Betting Lines) - The Winnipeg Blue Bombers have re-signed offensive lineman Steve Morley. Morley appeared in all 18 games at guard for the Bombers last season, as well as the East Final and Grey Cup championship game, a

<< Blue Jackets activate Letestu
Columbus, OH (Sportsbook Betting Lines) - The Columbus Blue Jackets have activated center Mark Letestu off injured reserve. Letestu has missed the last 17 games due to a hand injury suffered at San Jose on January 5. In 36 games with the B

<< Boca enjoys successful start to Clausura campaign
Buenos Aires, Argentina (Sportsbook Betting Lines) - After winning last season's Argentina Apertura title, Boca Juniors got off on the right foot in the Clausura on Friday with a 2-0 win at home against Olimpo. Dario Cvitanich scored

<< Rams name Snead general manager
St. Louis, MO (Sportsbook Betting Lines) - The St. Louis Rams have named Les Snead as the club's new general manager. Snead spent the past 13 seasons in the personnel department with the Atlanta Falcons. He was one of about 10 candidates for

Leafs put Gunnarsson on IR >>
Toronto, ON (Sportsbook Betting Lines) - The Toronto Maple Leafs have placed defenseman Carl Gunnarsson on injured reserve and recalled defenseman Keith Aulie from the Toronto Marlies of the American Hockey League. Gunnarsson has an ankle injury

Tevez returns to City following absence >>
Manchester, England (Sportsbook Betting Lines) - Carlos Tevez returned to Manchester City on Tuesday, months after leaving the club following a dispute with coach Roberto Mancini. Tevez and Mancini were involved in a dispute in September, when T

Golf Tidbits: So I was wrong about Phil & Tiger >>
Philadelphia, PA (Sportsbook Betting Lines) - Was it just two weeks ago that some writer asked whether Tiger or Phil was closer to winning? And didn't said writer come to the conclusion that Tiger was closer? Guilty as charged! I'm sure Phil Mick

Woods will play next three PGA Tour events >>
Jupiter, FL (Sportsbook Betting Lines) - Tiger Woods announced on his web site Tuesday that he will play the next three PGA Tour events, starting next week. First up is the World Golf Championships - Accenture Match Play Championship, a tournament

Lions sign DB Shell >>
Vancouver, BC (Sportsbook Betting Lines) - The British Columbia Lions signed defensive back Lin-J Shell on Tuesday. Shell has spent the last three seasons with the Toronto Argonauts (2009-2011), racking up 222 tackles and seven interceptions in 53 g

Kurt Warner to start, Matt Leinart to watch

Despite the debate that's swirling , Kurt Warner will remain the starting quarterback for the Arizona Cardinals, coach Dennis Green said today. The Arizona Cardinals are the +7 point underdog at online sportsbook MySportsbook.com for this Sunday's game.

Green's comment came in a statement released by the team following an ESPN report that Green decided that rookie Matt Leinart would replace Warner as starter for Sunday's game at Atlanta.

"Generally talking about the starting lineup is not something we do," Green told the AP. "However, given the speculation that was out there we want to make it clear. We're disappointed after last week, but we still expect to be a playoff football team and we fully expect Kurt Warner to be the quarterback that leads us. That has not changed."

To visit this online sportsbook got to MySportsbook.com for all your bet on football needs.