Skyline Drifter wrote:HMRC appointing an administrator wouldn't have made them a preferred creditor anyway.
No, but a court-appointed administrator would have been - shall we say - a bit more impartial in going about his business. This way Whyte gets to scrub Rangers debts, not just HMRC but all others not appertaining to himself. The ground is secured and the 'new' company starts afresh, as you say, in the SPL. The major drawbacks are conceding a title they would most likely have lost anyway and not playing in Europe next season which, if this season is anything to go by, is no great loss.
The actions of the administrators in the next couple of days will see if this scenario is the one which will pan out. If they start dismissing the 'little people' admin staff, youth players etc then I'd say the above is the likely course of action. If, as has happened at other clubs, they start releasing players on big money contracts then maybe I'm wrong. However, remember this club sanctioned a signing at £7,500 per week just hours before they indicated their intent to go into administration. Not the actions of a club which thinks it is going to lose its (remaining) top players.