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Rangers fined £50,000 by Stock Exchange

:Headline: Rangers fined £50,000 by Stock Exchange: ID:18004: from db_amp
Glasgow Rangers have been hit with a fine of £50,000 for failing to notify the Stock Exchange that owner Craig Whyte had once been disqualified as a director.

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.

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