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Douglas Park leading efforts to save Rangers with £6.5m - reports

The Ibrox club is in need of help, and they may just get it.

Bus group tycoon Douglas Park is fronting a new 6.5 million pound rescue plan for Rangers.

The crisis hit Ibrox outfit needs to find 8.3 million pounds before April 1 or face another financial meltdown. Now according to reports in several newspapers on Saturday morning, Park has joined forces with wealthy Gers supporters George Letham and George Taylor to offer to underwrite a new shares issue.

The move could prove to be a lifeline for the club after the Scottish Football Association announced on...

McDowall's Rangers thrashed

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Kenny McDowall's first match in charge of Rangers ended in fresh humiliation for the Ibrox men as Hibernian dished out a 4-0 thrashing at Easter Road.

With former boss Ally McCoist put on garden leave, McDowall was given command for the rest of the season.

But his reign got off to the worst possible start as David Gray, Jason Cummings, Scott Robertson and Liam Craig all netted in Hibs' biggest win over Gers since a 5-0 drubbing back in January 1912.

The defeat moves Alan Stubbs' side to within four...

 By PA Sport

Scottish FA blocks Mike Ashley request to increase Rangers stake

Ibrox has seen plenty of upheaval over the past few seasons.

The Board of Rangers Football Club are very disappointed with the SFA's decision and will now consider all our options.

The Scottish Football Association has turned down a request from Rangers to allow Mike Ashley to increase his shareholding at Ibrox.

Newcastle United owner Ashley, according to Press Association Sport, signed up to an agreement with the SFA that limits his stake to 10 percent but wanted a new deal that would allow him three times that amount.

However, the SFA said in a statement...

 By PA Sport

New chief executive Derek Llambias issues Rangers promise

Llambias was named managing director in 2008
Derek Llambias stepped down as Newcastle managing director in June 2013.

New Rangers chief executive Derek Llambias promised to get the club "back on its feet" when he addressed a turbulent annual general meeting -- but the board were defeated on a key resolution relating to the issue of more shares.

And Llambias revealed talks were planned with the Scottish Football Association on Tuesday despite Rangers and key Ibrox shareholder Mike Ashley facing five disciplinary charges in a Jan. 27 hearing into the Newcastle owner's dual interests.

The club lost an attempt to disapply...

Ally McCoist leaves Rangers as club confirm 'gardening leave'

Ally McCoist is a Rangers legend, but has now left the club.

Ally McCoist's three-and-a-half year reign as Rangers boss has finally come to an end after the club confirmed he has been put on gardening leave.

It was announced last Monday that the 52-year-old had handed in his resignation but McCoist was adamant when he spoke to the press on Friday that he would see out the 12-month notice period of his contract.

But he lasted just two days more before his time in charge of the Glasgow giants was brought to an end. New chief executive Derek Llambias' first...