Rangers administrators Duff and Phelps have warned attempts to rebuild the crisis club had been seriously undermined by a 12-month signing embargo handed out by the Scottish Football Association.

Rangers’ administrators have urged fans to be patient for “a few more days” with talks set to continue over the weekend in the search for a new owner for the club.

Rangers administrators Duff and Phelps have instigated legal proceedings against owner Craig Whyte‘s former lawyers – a claim which is understood to be in the region of £25million (€30m).

Rangers’ administrators have admitted liquidation is a possibility for the Ibrox club under new owners.

The focus on Rangers will today switch from the search for a new owner for the club to its fight with the Scottish Football Association’s judiciary panel at Hampden.

Rangers administrator Paul Clark has revealed takeover interest from America and the Far East and called for all potential buyers to “put their money where their mouth is”.

Rangers confirmed players have agreed a wage-reduction deal that secured jobs at the club.

Rangers’ administrators have confirmed players have agreed a wage-reduction deal that has secured jobs at the club.

The Scottish Football Association has stated that Rangers owner Craig Whyte “is not considered to be a fit and proper person to hold a position within association football” following an independent inquiry into the stricken club.

Rangers' administrators Duff and Phelps are seeking a swift sale of the club after failing to agree cost-cutting measures with the playing staff, it was announced today.

Rangers' administrators are expected to deliver their verdict on cost-cutting measures today after another day of stalemate.

Rangers players face another anxious night without clarity on their futures after failing to reach agreement with administrators over wage cuts.

Rangers’ administrators expect to make an announcement next week regarding new information they have received relating to the club’s finances.

The Scottish Football Association has today confirmed they will conduct a full independent inquiry into the activities of Rangers.

Rangers’ administrators have expressed concerns about the running of the club since Craig Whyte’s takeover in May last year.

Rangers’ administrators today said they have received “several expressions of interest from parties not connected to the club” since taking over the running of the Scottish league champions.

Rangers’ administrators have told fans they can be reassured that the Scottish champions will continue as a football club and the continuing function of the Ibrox club was their “first priority”.

One of the administrators appointed by Rangers claims the process can clear the financial uncertainty that has dogged the club in recent years.

A HIGH-LEVEL British government report has called for an end to the practice of paying a multi-million euro subsidy for Ireland’s lighthouses.

A major operation to get stranded air passengers home for Christmas began today following the collapse of airline Flyglobespan.

The mountainous landscape where a light aircraft crashed with the loss of three lives in south Down must be the subject of a safety probe, the Assembly heard today.

Liverpool fans, from the Lord Mayor of the city to the leader of the supporters’ group, have attacked UEFA’s declaration that the Anfield club have the worst fans in Europe.