The new administrators of Rangers Football Club, Duff & Phelps, have vowed to not let the famous club fall by the wayside.

The Glasgow outfit were forced into administration on Tuesday as they face a tax bill of around £75million but the financial advisory organisation who have taken the reins at Ibrox are confident of survival.

"In broad terms, supporters can be reassured that Rangers will continue as a football club," read a statement released by Duff & Phelps.

"We hope to reach a stage as soon as possible where the club can emerge from administration.

"We can report we have made very good progress within the first 24 hours of being appointed.

"We have had expressions of support across the political spectrum in Scotland within the last 24 hours and there is clearly a desire to see Rangers come through this situation successfully. We are involved in dialogue with HMRC and will work with them constructively, as is the case with all other key stakeholders."

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