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Glasgow side set for tax tribunal decision.
Rangers Football Club has lodged legal papers signalling its intention to go into administration.
The Ibrox club lodged papers at the Court of Session in Edinburgh on Monday, notifying an intention to declare an administrator.
It now has five days to confirm whether administrators have been appointed to take over the running of the club.
It is understood the papers relating to administration were lodged by Rangers’ lawyers on behalf of directors.
If the club is formally put into administration it faces an immediate 10-point penalty from the Scottish Premier League.
SOURCE: BBC Sport
The threat of administration has hung over the Ibrox club for quite some time and now it seems that the Glasgow side is set for a fate that will end all chance of wrestling the SPL title from leaders Celtic and indeed the club may well find themselves in bigger problems in the long term.
The move to declare and administrator comes as Rangers awaits a tax tribunal decision over a disputed bill plus penalties totalling £49m.
A ten point deduction will however still leave Ally McCoist’s side some nine points ahead of third placed Motherwell.