Rangers Accept Transfer Embargo Terms
By Community | July 20, 2012
Glasgow Rangers have conceded defeat, accepting a 12-month transfer embargo as a condition of gaining membership of the Scottish Football Association (SFA).
The embargo will begin after this summer’s transfer window.
The decision, which was confirmed by the SFA, will allow Rangers boss Ally McCoist to bolster his squad ahead of the new Third Division campaign.
Charles Green’s newco club were sent down to the bottom tier by Scottish Football League clubs last week, failing in their bid to get into the Scottish Premier League.
The registration embargo and a £160,000 fine were handed down to Rangers for a range of offences, mainly the club’s failure to pay tax under former owner Craig Whyte, who was banned for life by the SFA after he was ruled unfit to hold an official role in the game.
Rangers successfully challenged the transfer ban in the Court of Session before Green’s Sevco bought their assets when they were consigned to liquidation.
Lord Glennie ruled the sanction was not open to the SFA, who referred the matter back to the appellate tribunal that upheld the original sentence.