Rangers fined £160,000 and hit by transfer ban
How effective the sanctions are remains to be seen with the SFA powerless to do anything about Whyte’s 85% shareholding in the club.
Whyte has also been fined £200,000 by the SFA but like most bills over the last 12 months that one is likely to go unpaid.
Rangers were found guilty on three different charges resulting in fines of £10,000, £50,000 and £100,000 which must be paid within 12 months. One charge resulted in a not proven verdict.
The sanctions come at the end of another day of incredible mis-management from Duff and Phelps, the clubs administrators.
Expectations that an announcement would be made about a preferred bidder proved misplaced with a statement claiming that the Blue Knights and Bill Miller had both requested extra time to put together their bid.
Miller quickly contradicted that statement reiterating his claim on Friday that the other bidders should put up or shut up.
Duff and Phelps confirmed that they were unable to declare a preferred bidder since both bids are conditional.
Next week the SPL will vote on proposals to make life easier for a newco to be accepted with a transferred share from a liquidated club.
If this ruling is approved it will make liquidation much more appealing to those clubs struggling to pay off historic debt.
Should Rangers be liquidated without a rule change there will be no relegation from the SPL with Ross County effectively taking their place in next season’s top division.
With half a dozen legal wrangles, questions over the ownership of Ibrox and Murray Park and the status of the Ticketus deal it looks increasingly unlikely that there will be a Rangers playing football next season.