Rangers will not lose titles

Rangers will not be stripped of any titles by the SPL commission investigating alleged undisclosed payments by the club, it is understood.

Lord Nimmo Smith chaired the three-man panel which was appointed to decide if the company that formerly ran the club broke SPL rules regarding the payment of employees.

The club won five SPL titles during the decade in question, but Sky sources understand those pennants are not under threat, although the final verdict of the commission is still awaited later on Thursday.

The probe related to the period between 2000-2011 during which Rangers operated employee benefits trusts.

HM Revenue and Customs had claimed the scheme, which was used to make payments to players and staff in the form of tax-free loans, was illegal.

Rangers disputed this and a First Tier Tax Tribunal ruled last November that the scheme did not breach tax law, although HMRC have appealed that initial verdict to an Upper Tier Tax Tribunal.