The board of Directors of Rangers Football Club has announced the appointment of David Whitehouse and Paul Clark of Duff and Phelps as administrators of the club.

The Club went into administration yesterday, a day after it served notice of intention to the Court of Session to appoint administrators.

In a statement issued by the Club, Chairman Craig Whyte said:

"As a consequence of court proceedings instigated this morning by HMRC, the board of Directors has regrettably taken the decision to appoint administrators with immediate effect.

"It remains our firm belief that the Club's future can be secured and we hope this period of administration will be as short as possible."

Paul Clark, of Duff and Phelps, added: "As administrators we have a statutory duty to act in the best interests of all creditors and we will fulfil that function diligently.

"Whilst today is a sad day for Rangers, it also addresses the terrible uncertainty that has been hanging over the Club. The administration period, while difficult for all involved, will give stability to the Club in order to move forward.

"I can assure all Rangers supporters that all aspects of the administration will be carried out with the interests of the Club firmly in mind."