Scottish Football Association's chief executive Stewart Regan has announced the findings of an inquiry into the struggles at Rangers and has cited owner Craig Whyte as not being a "fit and proper person" to work within football.
The SFA stated that they would undertake an independent inquiry last month following the club's fall into administration.
Regan released a statement via the SFA official website, which said: "I can confirm that the Scottish FA convened a Special Board Meeting at Hampden Park today to discuss the findings of the Independent Inquiry into Rangers FC, prepared by the Chair, The Right Honourable Lord William Nimmo Smith.
"Principally, it is the belief of the Board, taking into account the prima facie evidence presented today, that Mr Craig Whyte is not considered to be a Fit and Proper person to hold a position within Association Football. We will be writing to Mr Whyte in relation to those findings and shall seek a response within seven days."
The SFA also confirmed that the stricken Scottish club face a charge of bringing the game into disrepute.