Today’s big sporting news has sent a shockwave across British football with Rangers moving closer to administration.

It would take the most generous of hearts from rival clubs to feel sorry for the club’s plight. Taking the lion’s share of tv money, winning qualification to lucrative European competitions year after year and often robbing Scotland’s other teams of their best talent only to leave them rotting in the reserves. Goodbye and good riddance?

Well, that is a bit harsh.

Scottish football is worse off without a strong Rangers Football Club being a part of it. The club has brought young talent to the fore, combined with world class stars being brought in from afar (Laudrup, Caniggia, Amoruso).

A silver lining from all of this is that a new Rangers could emerge from the ashes that has less ambition but more local players making up its squad. Airdrie United was back up and running soon after liquidation thanks to a buyout of Clydebank so there’s no reason why something similar can’t happen down Govan way. Every silver lining has a cloud of course and, at the end of day, the club has diddled the public out of tens of millions of pounds for some as yet unknown reason.

A finger of blame has to be pointed in the direction of Sir David Murray. A tax bill of ~£50m doesn’t accrue overnight and the finances surely can’t have been in order during Rangers’ Champions League heyday of Nine in a Row. A football club is a business before it is a sports team and no club is too big to fail. Sir David wouldn’t be the first knighted Scot to have taken a big company and ran it into the ground before jumping ship of course.

So what next?

Well here’s an idea out of left wing – Celtic could bail out Rangers and ensure their rival’s survival.

Granted, Celtic only made a £180k profit this financial year which is a far cry from the £50m that HMR&C we are due but they could contribute to a repayment schedule and, together with Rangers, make giant strides to making serious progress in the fight against sectarianism in Scotland. Rangers fan would have to find a grudging gratitude and Celtic fans would tap a hidden reservoir of sympathy for their rivals during their plight. After all, there but for the grace of Fergus McCann, go the Bhoys.

It would be nice if there was a coming together, and Scottish football would benefit from Rangers keeping going, but at the end of the day this news has to be taken in context.

This is a club in a footballing world that generally has fewer and fewer redeeming features as the years go by. Rangers fans looking to other sports to direct their passions might, despite what I’ve written above, be the best that can be hoped for from this sorry tale but, for now, and as a fairweather Celtic fan, I have to restrain my smirk and hope that Rangers gets back to where it belongs, second placed in the SPL season after season.