Thousands of jobs, thousands of pounds and no doubt thousands of angry complaint letters are at risk of being lost as a result of the astonishing £1bn collapse.
It also ripples into Rangers too – Thomas Cook is the Ibrox club’s official travel partner and handles trips abroad with the club’s travel club.
That means that Thomas Cook would’ve originally been in line to handle the travel club and flights over to Porto and Rotterdam for the ties with Porto and Feyenoord.
Rangers have of course refused their ticket allocation for the first away game with Young Boys of Switzerland due to a UEFA charge.
Fans can join the travel club for as little as £20 and it allows supporters to fly with the travel partner and earn loyalty points which help supporters and RSC’s earn tickets.
Now, those fans who’ve signed up to the travel club will be eagerly anticipating what Rangers do next ahead of the trips to Portugal and Holland.
The club may well enter into discussions with a new provider and seek out an alternative route but there has been no indication as to the direction Rangers will now take.
The Ibrox club is scheduled to travel to Porto to play on October 24th and to Rotterdam to play Feyenoord on the 28th of November.