What could Rangers' 2012 demise tell us about Man City's uncertain future?

What the report says
BBC Sport Football reported that comparisons are being drawn between Manchester City’s uncertain disciplinary future and the financial collapse of Rangers in 2012, although the article stressed that the two cases are not directly alike. The piece says Rangers entered insolvency after a long-running tax dispute linked to employee benefit trusts, eventually leading to liquidation of the old company and the club being placed in the fourth tier of Scottish football.
The report outlined the major consequences Rangers faced: a points deduction, the sale of football assets to a new company, and a vote by top-flight clubs that forced the team to apply for entry into the lower leagues. It also noted that Rangers were not stripped of titles won during the relevant period. Former manager Ally McCoist described the episode as a painful period marked by job losses and a drastic reset for the club.
BBC Sport used that history to explore what severe penalties could mean for City if their appeal fails. City have been found guilty by the Premier League of serious financial rule breaches, including allegations involving sham commercial contracts and concealed funding, and they deny wrongdoing. The article said possible sanctions could range widely, including expulsion from the Premier League and a restart in the lower tiers.
The broader point, according to the report, is that a demotion for City would likely have major sporting and financial effects, including squad upheaval and the loss of top-flight status, but the English and Scottish structures are different enough that Rangers can only serve as a rough guide.
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