Home » Europe, Latest, Scotland » Scotland’s Rangers set to go into administration

Rangers Football Club have filed legal papers signaling their intention to go into administration, it was revealed today.

The Ibrox club lodged papers at the Court of Session in Edinburgh.

It is believed that owner Criag Whyte had a meeting with directors Ali Russell, Andrew Ellis and manager Ally McCoist earlier today as the papers were lodged.

Rangers now have five days to confirm whether administrators have been appointed.

The spokesman said: “At this point in time Rangers are not in administration and we await developments.

“The instant that they are technically in administration there will be an automatic 10-point deduction and, perhaps of less relevance, an embargo on player registrations.

“If administration is confirmed, as we have done previously, we would be looking to work with the administrators and would be looking for a very early meeting.”

If the club does go into administration, they would automatically be deducted 10 points from the Scottish Premier League.

That would place the Ibrox club 14 points behind first-placed Celtic in the race for the championship.

Rangers announced they had agreed a deal to sign Gabon striker Daniel Cousin just as news emerged from the court.

The move comes while Rangers awaits a tax tribunal decision over a disputed bill plus penalties totalling £49million.

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