Yes. The club, founded in 1872 as an unincorporated association, incorporated as The Rangers Football Club Ltd on 27 May 1899, adopting a limited company structure at that point.

Yes, reports from the April 2012 St Mirren match confirm fans displayed red cards in the 18th and 72nd minutes and banners against newco/liquidation, seeing it as ending the continuous 140-year history. They wanted the existing company kept intact via CVA.

Reports of Rangers fans in tears outside Ibrox mainly refer to 14 February 2012, the day administration began. After the CVA rejection on 14 June, accounts focused on shareholder anger, jeers and disappointment at the meetings, with one later fan quote of feeling "totally gutted." No major contemporary reports match crying crowds right after the vote.

Yes. Contemporary reports, a Sky Sports tweet and video footage from 14 February 2012 show Rangers fans in tears outside Ibrox after the administration announcement. The process aimed for a CVA so the club could exit insolvency as the same company, which was the hoped-for outcome among supporters at the time.

Details really do matter. The 1872 founding, 27 May 1899 incorporation as The Rangers Football Club Ltd, and the rejected 2012 CVA that led to liquidation of that company are the fixed points in the record.

Fans held up red cards at those minutes during the April 2012 St Mirren match to mark Rangers’ 1872 founding year. The protest opposed liquidation because supporters saw it as ending the club’s continuous 140-year history and identity. They wanted a CVA to keep the existing company intact instead of a newco.

Yes. The club was founded in 1872 and incorporated as The Rangers Football Club Ltd on 27 May 1899. That limited company (later the PLC) was the existing legal entity whose CVA the fans wanted approved to avoid liquidation and a newco.

No. Those 18th and 72nd-minute red-card displays in April 2012 showed fan solidarity against liquidation but changed nothing. The SFA fine and sanctions stood, and the administration process remained under the control of the administrators and creditors.