Luckily we dont have the days of Third Lanark, Clydebank or the club genocide of the early 30's - so even at worst they are, zombified, in Division 1/3. Hearts creditor issue is way more complicated than the 21m tax-debt was back in May 2012.
What may have additional impact is the signing ban, that comes with it. They have only two strikers, each his own donkey, and one of them is going back to Liverpool.
The Old Firm is dead, it has yet to be proved if it can be re-animated.
And no, its not a basic term of rivalry, Mausolos, the Old Firm's etymology origins from 1919 when it was used 1st time due to their overwhelming success.
A 16 team league will never happen. The pope & Lawwell will make of that.
The phonetic barking underlines the insults as everything german appears insulting.
One advantage through the whole financial mess - some Celtic fans are getting their Accountant-of-the-Internet badges, guess some of your אידיוט are trained in Tel-Aviv.
On football matters - you have signed Daly, Clark & Kenny Millar? 8 forwards for 2nd division?