As Scotland's biggest football club, Glasgow Rangers, falls into bankruptcy, imagine the story as a completely unrealistic, crap horror film.

There may only be a couple of days left to go. Darlington FC continue to stare into the abyss and the comments of the club's joint administrator, Harvey Madden, in an interview with BBC Radio Tees this evening will have offered no comfort to those of the opinion that it is now only a matter of time before this football club folds after one hundred and twenty-nine years.

Puebla FC is a professional football club. It is based in Mexico. USMNT player Herculez Gomez played for them. Currently, DeMarcus Beasley plays for them. In the US, teams go belly up and enter bankruptcy. In the UK, they enter administration. In Mexico, things are a bit more gun ho due to a recent tax dispute between the state and federal government, the Mexican Federal Government seized Puebla's stadium, equipment, and even their coach bus.

If you've paid any attention to the Bayern Munich news bits over the past years, you'll know that they've got some characters running the show. Thus their public persona isn't exactly seen as the cuddly teddy bear, smiled-at-least-once-in-their-lives types. So to hear that they gave Borussia Dortmund, a direct competitor, a loan which saved them from bankruptcy in 2003 is just.

Putting footballing rivalries aside for the benefit of the greater good isn't something that happens too often, but if it's happened anywhere, it's not surprising that it would be in the Bundesliga. Praised as "a model of financial virtue and good governance," the league has rejected gluttonous spending in favor of actually turning a profit.

The Old Firm is infirm. At least one of them is. That would be Rangers who are on the precipice of bankruptcy and face administration as the only viable option. They are said to owe a whopping £75m in taxes which owner Craig Whyte is unable to pay off. In the next 10 days the club will appoint an administrator, a CVA will be drawn up if the tax authorities (HMRC) can be persuaded to issue a moratorium on the taxes owed, to pay off the first line of creditors with a reduced sum.

When you think of Glasgow Rangers and Portsmouth, two football clubs who have great support, you wonder who has been running those clubs so poorly, that they are both in bankruptcy and may not even survive. Alan Pardew North East football in good shape We think both clubs will survive, and we certainly hope that both survive, and certainly [.

Venky play foul in Blackburn takeover

After two years one still doesn't quite know why Venky's decided to takeover Blackburn. The one thing that has been established unequivocally is that they did not do it because they loved football. The other imperative of raising the company's profile internationally by investing in a brand is also not being borne out by their step sisterly treatment of Rovers.

Financial Fair Play is UEFA's move to curb out losses and bankruptcy for football clubs.

About 50% of football clubs have mindlessly spend more than they earn just to achieve quick success.

The principal objectives:

• to introduce more discipline and rationality in club football finances;
• to decrease pressure on salaries and transfer fees and limit inflationary effect;
• to encourage clubs to compete with(in) their revenues;
• to encourage long-term investments in the youth sector and infrastructure;
• to protect the long-term viability of European club football;
• to ensure clubs settle their liabilities on a timely basis.