Sasa Papac is resigned to the fact that he could be soon leaving Rangers.

The Bosnian left-back comes out of contract with the struggling club this summer and is aware that his time at Ibrox could be up with the new administrators of the reigning Scottish champions looking to cut costs.

"It's been unbelievable, but it just shows bankruptcy can happen to any club," he said.

"Right now we continue to play football as if nothing has happened, but in this situation it is hard to go out and play.

"We have to see what will be done by the administrators. They are the ones who have all the power and we must wait to see what happens.

"Their job is to clear Rangers' financial debts, which means we could lose a lot of players.

"The players are well paid - in fact they are paid too well for the situation Rangers finds itself in. Any one of the players could go now and I have no chance of getting another contract, at least not one at my existing level."

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