Rangers newco chief executive Charles Green has suggested that the club may be forced to accept a transfer embargo and other sanctions to pave the way for it to be granted SFA membership
Rangers successfully appealed against a 12-month transfer embargo imposed for the club’s failure to pay taxes, but newco could now be ready to accept that sanction instead of risking a potentially more severe alternative if the case goes to an appeals court.
Green told Sky Sports News: “I gave a verbal agreement to transfer the oldco share across to Dundee and we’ve now got verbal agreements with both the football league to admit us into Division Three and on issues outstanding with the SPL.
“The real key now for Rangers fans are the issues outstanding with the SFA - most of the agenda items that have been talked about for weeks and weeks: the transfer embargo, fines that were put out there, and payments to football clubs that had happened for previous transfers.
“It is now for newco to take on board the sins of oldco to clear a way forward. Many fans have spoken to me and said how unfair it is.
“At one meeting today it was explained that being demoted to the Third Division is not a punishment. I’m not very bright but I struggle with that one, to see that leaving the SPL and ending up in the Third Division is anything but a punishment.
“The difficulty we have is we’ve been working for many, many weeks now on these issues and there is a point where unless I as CEO accept sanctions then we won’t be granted permission to join the SFA.
“But it’s a balance between what’s fair and what’s required. The problems this club created - and no-one is walking away from that - by previous owners have now been laid bare, sanctions been taken, the manager and all board members and employees have had to deal with that.
“I addressed the staff today because there will be job losses and the implications are huge. We need to draw this matter to an end now. We need the SFA to agree membership for us now so we can all rebuild and get on with our lives.”