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Rangers administrators have new info

Administrators say they have new information on the takeover and running of Rangers which will help form a full picture of the club’s finances.

The Ibrox club are fighting for their financial survival after they entered into administration on Tuesday following the non-payment of about STG9 million ($A13.3 million) in tax since Craig Whyte’s takeover of the club in May 2011.

Ally McCoist’s side were immediately docked 10 points by the Scottish Premier League to all but end their hopes of clinching their fourth title in a row.

Before the match against Kilmarnock on Saturday, which Rangers lost 1-0 thanks to a first-half goal from Dean Shiels, Paul Clark, a joint administrator from Duff and Phelps, said new information was being assessed and details were expected to emerge in the next week.

The administrator also stressed that he believed HM Revenue and Customs would work with his firm for the survival of Rangers.

“We have received some information overnight in relation to various monies and various transactions in relation to Rangers Football Club,” Clark said.

“We’re going to be looking at all of that information over the coming days and we expect to give some form of announcement during the course of next week.

“But, at the moment, from the financial side of things, we are still working so that we can prepare a proper statement for delivery next week.

“It’s in relation to several transactions in relation to the takeover and other issues in relation to the financial affairs of the football club over the past few months.”

Last week, the administrators revealed they did not have “visibility” of STG24 million ($A35.43 million) which had come from a deal on future season ticket sales with the firm Ticketus.

The club are also involved in a tribunal over a disputed tax bill dating back to before the Whyte era which the owner claimed could cost the club up to STG75 million.

A tribunal ruling is expected in the coming weeks but the administrators revealed it was likely to be April before Rangers find out the outcome of the HMRC case.

However, Clark said he was confident the football club would survive.

“What they asked us to point out is that had they wished to close the football club then rather than issue the administration application that they did last week, it would have been a winding-up petition to the court.

“So this is not about liquidation, it’s about survival of the football club and we’ll be working with them with that in mind.”

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