Rangers director fears for stricken club's future

Published:

GLASGOW, Scotland (AP) -- A director at financially stricken Rangers fears for the future of the Scottish champions.

The Glasgow club was forced into financial administration, a form of bankruptcy protection, last month over tax debts of 9 million pounds ($14 million) accrued since Craig Whyte took over the club in May.

Director Dave King is the only survivor on the board from the previous ownership.

King says he does not believe "there is a reasonable prospect that the company can come out of administration. I believe that liquidation is inevitable."

The administrators are trying to complete a wage-cut deal with players after failing to agree the details with agents on Monday night.