Rangers: Bank talks to minister

Oct 26 2009

Scots Secretary Jim Murphy held talks with Rangers' bankers Lloyds as the financial giant insisted it was not running the football club.

Mr Murphy stepped in after reports that the banking group, which is 43% owned by the taxpayer, had threatened the club with administration over its debts.

Team manager Walter Smith said at the weekend that the bank is now in charge of the club and that all the players were up for sale.