The football world couldn't believe that such a huge club could reach such a crisis.
But what was it like inside Ibrox at the time – facilities manager Gordon McAllister explains
WHEN Gordon McAllister glanced out of the window at Ibrox he saw a sea of fans, journalists and TV crews, none of them able to believe the news: Rangers, one of Europe's biggest clubs, had gone into administration.
It was February 14, 2012.
Stunned by this latest development, just like every other employee at Ibrox, Gordon steeled himself to leave the offices.
As he walked wordlessly past them, Gordon knew this would be a day he'd never be able to forget.
As the club's project co-ordinator within the facilities department, Gordon was one of the many employees who witnessed the Ibrox trauma from the inside.
Over the last two decades the 51-year-old has seen it all at Ibrox: epic Champions League encounters, drama-laden Old Firm matches, title-clinching home games.
He said: "I love working here. Walking down the tunnel, European nights, Rangers-Celtic days – unbelievable. Going up to the trophy room. Being part of Rangers Football Club is the biggest dream ever come true."