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SFA penalties may not deter bidders

24 April 2012

The Scottish Football Association have banned Rangers from signing players for 12 months as a result of Rangers’ actions under the stewardship of Craig Whyte. The transfer embargo means they can only sign players under the age of 18 for the next year.
Whilst the transfer penalty will certainly affect Rangers’ salability by their administrators, it may not deter American bidder Bill Miller who had been expected to make a £11.2 million bid. Miller’s main concern was that Rangers would not have any further points penalties next season and their trophy haul would not be struck from the record. The SFA have pointedly stayed clear of imposing such sanctions.
Any new owner would also have to deal with the fact that most key players had a clause inserted allowing them to leave at a cut price when agreeing to take substantial wage cuts shortly after the onset of administration.

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