We'll see who has the last laugh in this. SFA has known about Whyte since Oct 2011 yet it waits until the final bids are being prepared to take action.
The timing is awful. Also transfer embargo for 12 months knowing that the current squad can contractually walk in May is a complete joke. It will be interesting to read their report into this I hope it's public as their decisions and the timing of them is shocking....
Craig Whyte is almost a scapegoat in this. Rangers were effectively ran at a loss for years, and to add to that, seemingly were (illegally) avoiding tax. He only did the inevitable in putting the club in Administration. Maybe his intentions were to profit, maybe not, but it is somewhat irrelevant in that Rangers Football Club are not in a healthy state financially, and have broken rules.
As it stands, the club is still running at a monthly loss (wasn't it less than £1m revenue vs £4m expenditure per month, excluding all significant liabilities?)
There is no "bad timing". Rangers more than deserve to be punished. If the tax cases are proven, then there is absolutely no excuse whatsoever. There should be no leniency for tax evasion. If you or I fragrantly avoided tax for years and get caught, it's not uncommon to be jailed and made examples for avoiding tax, so should Rangers.
All Rangers fans are blaming the wrong guys IMO.