NTipper99 - even more amazing than that - they didn't only go into administration, Rangers FC were liquidated - like Woolworths, the club established in 1872 has ceased to be.
A brand new company (Sevco 5088) was set up in 2012 to purchase the now deceased Rangers FC's assets (primarily Ibrox plus traing ground). Sevco 5088 were then gazzumped by another new company - Sevco Scotland Limited also established in 2012 - and current ownership of the assets of the now defunct Rangers FC are being disputed in the courts by both of these new companies - a shameful and tawdry business you'll agree.
Under employment law, some former employees of Rangers FC TUPE'd over to the new owners of Ibrox. Others, like Gary Naismish, chose not to do so, and were therefore completely free to take up employment elsewhere - Everton in his case.
Sevco Scotland Limited (est 2012) then came up with the wizard wheeze of renaming itself as Rangers International Limited, and established a fully owned subsidiary that they registered as The Rangers FC - all to fool the willingly foolish, or anyone who wasn't paying attention, and for other more nefarious financial reasons.
It was The Rangers FC (est 2012) that was allowed to enter the Scottish league system for the very first time - and ahead of much longer-established clubs - in the 2012-13 season. And they have done well for a new club - climbing through the four leagues in only five years.
In the meantime, our old friends Rangers FC - est 1872 and sadly no more - had to suffer the final ignomony by itself being renamed as Rangers 2012 - the year of its death. This posthumous renaming was done again to fool the willingly foolish.
Just wanted you to know who you were actually choosing to support.
Toodle-pip.