 The next day, The Rangers Football Club plc – which was subsequently renamed RFC 2012 plc – entered administration over non-payment of £9 million in PAYE and VAT taxes to HM Revenue and Customs.In April the administrators estimated that the club's total debts could top £134m which was largely dependent on the outcome of a First Tier Tax Tribunal concerning a disputed tax bill in relation to an Employee Benefit Trust ("EBT") scheme employed by the club since 2001.However, on 20 November 2012, the Tribunal ruled in favour of Rangers.