::Hippo's error is based on a duplicitous definition of the word "club". If you define "club" as the company, then of course it was liquidated, it's assets were sold etc. BUT this page - in light of the fact it spans two companies, one of whose history began in 1899 - needs to draw clear distinction between the continuing association football "club", Rangers F.C., and the two corporate entities which it transcends. The word "club" therefore - to avoid the confusion - should apply to F.C., with the word "company" used when describing the corporate entities. If Hippo wants to say the company was liquidated, assets sold, that is quite acceptable, but using the word "club" in this context is not appropriate.