Rangers fined £50,000 by Stock Exchange

Scottish champions Glasgow Rangers have been fined £50,000 by the Stock Exchange.

The decision was taken following the club's failure to disclose the fact that owner Craig Whyte had been previously disqualified as a director.

It is the latest financial setback for Rangers, who entered administration earlier this month.

There is currently speculation that a number of staff members will be made redundant at some point this week.