Rangers FC has strongly denied the accuracy of leaked legal papers which appear to raise questions about the club's solvency.

The Glasgow side released a statement slamming a "whispering campaign by people determined to undermine the club" after papers concerning former chief executive Martin Bain's legal case against Rangers were published on an unofficial website.

Mr Bain is suing for damages and loss of earnings after being dismissed in May following Craig Whyte's takeover of the Ibrox team.

The leaked case papers reportedly shed a poor light on Rangers' financial situation. However the club has been quick to dismiss the validity of the claims.

In a statement, Rangers said: "The problems Rangers Football Club is now having to deal with are historic and the chairman is committed to resolving the issues that are a direct and unwanted legacy of the previous regime," a spokesperson said.

"The ludicrous coverage over the last couple of days regarding the payment of a minor sum of money to a lawyer and now this latest, and illegal, leak of court papers indicates a whispering campaign by people determined to damage the club.

"They will not deter us from the difficult task that lies ahead."

Peter Watson, senior partner at law firm Levy and McRae, who are representing Mr Bain, told STV News that the company had reported the case paper as stolen to Lothian and Borders police, and that the firm was taking "very robust action" to investigate the leak.

He added: "The document would never appear in the public domain; it was an early stage document and doesn't represent the current state of the plea."

Earlier this week, lawyers told the Court of Session in Edinburgh that there is concern over the solvency of the club.

The club was forced to pay £35,000 which was owed to Levy and McRae after they were taken to court on Friday.

They have also been ordered to pay up to £10,000 in interest, legal costs and expenses.

Jonathan Brown, counsel for Levy and McRae, told Judge Lord Hodge: "There is a real concern about solvency."

HM Revenue and Customs last week arrested £2.8m from the club’s bank account over an unpaid tax bill, from which Rangers are disputing a £1.4m penalty.

IN DETAIL

• 'Insolvency fear' as Rangers pay £35,000 owed to law firm