Rangers: From riches to rags

Updated 12:35 PM ET, Wed March 14, 2012
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Glasgow Rangers secured a record-extending 54th Scottish league title at the end of the 2010-11 season with a thumping 5-1 win at Kilmarnock on the final day. Getty Images
Former Rangers manager Walter Smith, left, celebrates with his assistant Ally McCoist. Smith's 10th league crown with the club was also his last -- as he retired and passed on the reins to his number two. Getty Images
McCoist is a club legend, having spent 15 years at Rangers as a player. He won 10 league titles, one Scottish Cup and nine Scottish League Cup crowns. He scored 250 goals for the club and twice won the European Golden Boot. He is enduring a turbulent first season as coach. Getty Images
Graeme Souness is credited with triggering a Rangers revival in the late 1980s that led them to be dubbed the richest club in Britain. The former Liverpool player recruited a host of top English stars, success followed and crowds flocked to Ibrox. Getty Images
The Scottish league's biggest draw is the "Old Firm" rivalry between Rangers and Glasgow neighbors Celtic. The games are fiercely contested and transcend the usual footballing boundaries given Rangers' Protestant heritage and Celtic's Catholic backing. Getty Images
The Old Firm games always inflame passions and often result in several flashpoints. During this match in 1985, a group of Rangers players took exception to Celtic striker Frank McAvennie. Celtic insist the potential demise of Rangers won't affect them, but Scottish football experts disagree. Getty Images
Rangers fans have reacted with bewilderment to the developments at Ibrox, venting their anger at the club's owner Craig Whyte and his predecessor David Murray. But they are adamant their club will survive. AFP/Getty Images
Many Celtic fans have reveled in their neighbors' discomfort, while chief executive Peter Lawwell has rejected claims Celtic need Rangers to thrive. "We look after ourselves," he said. "We don't rely on any other club." Manager Neil Lennon, left, who had a touchline bust up with McCoist earlier this season, agrees. Getty Images