The Rangers Football Club PLC is in administration and is due to be liquidated. Sevco Scotland Ltd is a new company and its trading name is 'The Rangers Football Club'. On July 31st, The Rangers Football Club PLC will change its company name to RFC 2012 PLC. At the same time, Sevco Scotland Ltd will change its company name to The Rangers Football Club Ltd. To be fair, it has been necessary for journalists to distinguish the different entities and it has often been confusing to read about 'Rangers' doing this or that when it is not always clear whether they are referring to the old company (still being run by Duff & Phelps, and still holding an SPL share) or the new one, run by Green, which does not yet have SFA membership.