Hardly a day goes by without Rangers, the fallen Glasgow club, being in the Scottish back-page news.
And very rarely is the news good.
These are once-great European giants who have more top-flight league titles and domestic trebles than any other club in the world.
They are first British club to reach a European final and are winners of the Cup Winners’ Cup in 1972.
They have won the Scottish League 54 times and claim to have one of the biggest fan bases of any club, both domestically and around the globe.
In 2008, they competed in a Uefa Cup final.
Yet now they have found themselves at the forefront of one of the biggest collapses in footballing history, due to liquidation in 2012.
Some claim the club who achieved such heights – most from the following of their long-time local rivals Celtic and other doom-mongers – ceased to exist when they were liquidated, therefore these records do not stand for the “New Rangers” (try telling that to the tens of thousands of fans who believe this is the one-and-only original club).
Rangers had been in the top division from their inception in 1872 until their liquidation at the end of the 2011/12 season, which saw them, with a new corporate identity, gain admittance to the four tier of Scottish football.
This goes much further than a collapse in performance, change of board or influence from rich investors from abroad, as many a club have witnessed help in their demise.
The finger of blame for this downfall has been pointed in many directions, but it remains alarming how precarious the pedestal of power can be.
David Murray, the Scottish metal businessman bought the club in 1988 and led them to nine domestic titles in a row, and a sense of “The Untouchables” came over the club.
Fans thought: “This will never happen to us”. It did.
Fast forward to 2012 and we saw the birth of “New Rangers”, “Sevco Scotland Ltd” or “The Rangers” and a string of businessmen try to fail to steady the financial ship, some with more shady solutions than others.
The actual name is still up for debate as moneymen wrangle over naming rights for the club and the stadium, Ibrox (well, that was what it was called when this was written).
Rangers – let us call them Rangers for now – were accepted into the bottom league that has no relegation with a number of sanctions in place, including a one-year transfer ban, in time for the club to begin the 2012/13 campaign.
Their major players, many of them internationals, refused to sign for the new club, obviously used to the higher wages and TV time that came with domestic top-billing and European football.
However, the loyal fans who believed they would march straight back up to their alleged place at the top table seemed to be proved right on Day 1 as they crushed East Stirlingshire 5-1 in front of a record fourth-tier attendance of 49,118 (the lower clubs are used to 500 on a good day).
Tougher times, on the field, were ahead.
Rangers romped to the fourth and third-tier titles leagues as winners, but have since encountered stiffer competition in the Championship (Scotland’s second league) without a blank chequebook or the lure to attract domestic talent to a “bigger” club, as was their wont in their heyday.
Edinburgh clubs Hearts and Hibernian went down from the Premiership last term, and Rangers’ saunter back to the top is no longer a guarantee.
Two losses to Hibs, plus Hearts’ seemingly insurmountable 13-point lead at the top of the Championship table has added another seed (tree?) of doubt among fans.
Defiant supporters had claimed in 2012 “We don’t do walking away”, but they have been staying away in their droves as their club have stumbled to defeats and draws against clubs only five years ago they would have expected to put six or seven past in and early round of a cup competition.
The empty seats at Ibrox do not lie on matchdays, and a club of this stature should know where the bread and butter lie.
This week, former manager and director Walter Smith vowed he would never return to the club, having witnessed the chaos off the field.
Also this week, a very attractive offer came in from an interested American investor, but both it and its improved offer were rejected.
On Thursday, the power struggle took a new twist as it was reported Newcastle United owner Mike Ashley is ready to provide a loan of £10 million (Dh55.9m) to Rangers but wants security of Ibrox Stadium and the club’s Murray Park training ground.
The Three Bears consortium, led by local businessman Douglas Park, countered by offering a loan of half that amount, but only requesting two seats on the club board and security over Murray Park.
It is like a game of Monopoly in the real world.
All of this leaves the many, many thousands of Rangers fans wondering what will happen and what future, if any, their beloved club will have.
As Walter Smith said, following the sale of promising player Lewis Macleod to an English Championship side: “I’m delighted that less than seven years after appearing in a European final we are now almost as big a club as Brentford.”
But, with the many mysteries still surrounding Rangers, their ownership, their future, their survival, a lot can change in a day.
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KEY DEVELOPMENTS IN MARITIME DISPUTE
2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier.
2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus
2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.
2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.
2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.
History's medical milestones
1799 - First small pox vaccine administered
1846 - First public demonstration of anaesthesia in surgery
1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases
1895 - Discovery of x-rays
1923 - Heart valve surgery performed successfully for first time
1928 - Alexander Fleming discovers penicillin
1953 - Structure of DNA discovered
1952 - First organ transplant - a kidney - takes place
1954 - Clinical trials of birth control pill
1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.
1998 - The first adult live-donor liver transplant is carried out
Profile of RentSher
Started: October 2015 in India, November 2016 in UAE
Founders: Harsh Dhand; Vaibhav and Purvashi Doshi
Based: Bangalore, India and Dubai, UAE
Sector: Online rental marketplace
Size: 40 employees
Investment: $2 million
Company profile
Name: Steppi
Founders: Joe Franklin and Milos Savic
Launched: February 2020
Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year
Employees: Five
Based: Jumeirah Lakes Towers, Dubai
Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings
Second round raised Dh720,000 from silent investors in June this year
SHOW COURTS ORDER OF PLAY
Wimbledon order of play on Tuesday, July 11
All times UAE ( 4 GMT)
Centre Court
Adrian Mannarino v Novak Djokovic (2)
Venus Williams (10) v Jelena Ostapenko (13)
Johanna Konta (6) v Simona Halep (2)
Court 1
Garbine Muguruza (14) v
Svetlana Kuznetsova (7)
Magdalena Rybarikova v Coco Vandeweghe (24)
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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Results
6.30pm: Al Maktoum Challenge Round-2 Group 1 (PA) US$75,000 (Dirt) 1,900m
Winner: Ziyadd, Richard Mullen (jockey), Jean de Roualle (trainer).
7.05pm: Al Rashidiya Group 2 (TB) $250,000 (Turf) 1,800m
Winner: Barney Roy, William Buick, Charlie Appleby.
7.40pm: Meydan Cup Listed Handicap (TB) $175,000 (T) 2,810m
Winner: Secret Advisor, Tadhg O’Shea, Charlie Appleby.
8.15pm: Handicap (TB) $175,000 (D) 1,600m
Winner: Plata O Plomo, Carlos Lopez, Susanne Berneklint.
8.50pm: Handicap (TB) $135,000 (T) 1,600m
Winner: Salute The Soldier, Adrie de Vries, Fawzi Nass.
9.25pm: Al Shindagha Sprint Group 3 (TB) $200,000 (D) 1,200m
Winner: Gladiator King, Mickael Barzalona, Satish Seemar.
UAE currency: the story behind the money in your pockets