Deadline set for Rangers

The SPL club were on Tuesday afternoon given the right by the Court of Session in Edinburgh to select an administrator under their own petition.

Rangers had been contesting with HM Revenue and Customs (HMRC) for the right to name an administrator and, in theory, hold greater control in their insolvency process.

On Monday, the defending SPL champions themselves first gave notice to go into administration over a tax bill which could reach £75million, but, 24 hours later, HMRC countered with a notice of its own.

In a further courtroom development, Rangers on Tuesday announced they would be prepared to go into administration that day - and accept a 10-point penalty from the SPL - if they were allowed to choose their administrator.

The taxman was still contesting for the right, but a court ruled in favour of Rangers and set the Ibrox club a deadline of 3.30pm deadline.

Wrangle

If the Ibrox club do not beat the clock, HMRC will then be allowed to name the administrator.

The court wrangle comes on the same day as Rangers owner Craig Whyte met with the club's players at their Murray Park training ground.

Discussions were held regarding Rangers' current financial plight and obvious fears over the long-term future have been raised.

But Whyte had on Monday insisted administration is the first step in the club's recovery, as he told Sky Sports News: "This was the best way to take the club forward and end the uncertainty that's surrounding Rangers at the moment.

"What we've done today is the start of a road to recovery. Rangers will always be around, Rangers will always be here at Ibrox and this is the start of the healing process.

"We will get over this and we will come out fighting and come out stronger, there's no question about that."