Administrators Duff & Phelps believes that Rangers FC will be out of administration by the end of the season.

With some previously interested consortiums pulling their bids to buy the club, there are fears that liquidation could set in, ending 140 years of history for the Glasgow giants.

But joint administrator David Waterhouse is confident that things will soon turn for the Ibrox outfit and suggests that 'Gers will climb out of the current position they are in prior to summer.

"We can now see light at the end of the tunnel whereby the club exits from administration and can focus upon success on the pitch," Waterhouse said.

"Exit from administration does look achievable by the end of the season."

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