Football and Administration

Reading about the recent decline on Rangers FC into the lower tiers of Scottish football makes me sad.
True, I'm not a Celtic supporter but watching former European great (54 Scottish League titles, winning previous European Cup Winners Cup) decline into a club that is now asking for permission to play in the Scottish League is depressing.
Whther the other Scottish teams like it or not, Rangers have to stay in the SPL.
Why else would anyone watch the SPL if there are no more Old Firm derbies. The SPL is rubbish enough already ..
Figures of debt upto £134M are being quoted in recent papers and are now awaiting judgement from the SFL regarding their future status.

This is not a first time that famous club has gone into administration and liquidation, Southampton and Leeds in '08, Crystal Palace and Portsmouth in 2010 (after their FA Cup success) have all recently fallen into the taxman / banks hands when funds are not properly managed and spending far and beyond their means with the hope of retaining premier league / championship status.

Essentially, players are sold and moved on as assets and to remove high wage bills and clubs start prostituting themselves for a rich Arab oil merchant or a wealthy Malaysian business man to purchase the club in order to settle debts + preserve league status.
I find this debt and administration very hard to believe.
True, PL footballers are paid more than ever and costs of running a football club is high BUT if you consider parachute payments from TV rights (£35M) PLUS sponsorship / Barclays not to mention individual sponsorship, it is hard to fathom how the seasonal budget can be blown so drastically.

In the end, it is the fans that suffer. Footballers are mercenaries and will leave to the highest bidder as playing football is only a job to them. Fans are left with the tatters of a former great team or the memories of league status.