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Administrators: 'Situation positive at Rangers'

Administrators: 'Situation positive at Rangers'
© PA Photos
Administrators at Rangers Football Club describe the current situation as "positive".

Administrators at Rangers Football Club have described the current situation as "positive".

Financial company Duff and Phelps took over the running of the club last Tuesday.

"Overall, I would describe the situation as positive," said joint administrator David Whitehouse.

"Everybody recognises the plight that the club is in and have come to the table to help and assist where possible.

"Generally other clubs are sympathetic. I think clubs realise this is a difficult time for the football industry in general and Rangers isn't unique in its financial position. They are very supportive of the survival of the club which is critical to Scottish football."

Chairman Craig Whyte announced on Tuesday that he will step down from his position once the club comes out of administration.

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