Not exactly a rival, but just reading that the ticket firm (Ticketus) that had a three year contract for "season ticket sales", has had its contract terminated. How much was the contract worth? £26.7 million, signed last May. To put this figure into perspective, the whole club is now being bought for £8.5m. Also, if there are say 40,000 season tickets (I'm just grabbing that number out of thin air for comparison), that works out at £222 *per ticket* going to the ticket agency. And of course they probably don't have to do much with most of them but renew. That's mad... no wonder Rangers folded! One would hope that the ticket people did a lot more, but the BBC article didn't suggest it.
Whole crazy situation though. That includes the idea that you put all the "good business" into a new company and carry on, and all the bad debts into something else. This might be very nice for the Rangers fans (and football in general I suppose) but not so good if you are a creditor of Rangers I suspect. If I was owed money (and some people are owed an awful lot) I don't think I would be happy that such an arrangement should be made. I'd want all the assets sold and the profits divided up among the creditors. But of course business doesn't work like that!