Rangers owner Craig Whyte has insisted that applying to go into administration was the only practical way to safeguard the club's future.
But his explanation was met by jeers from fans gathered outside Ibrox.
Scotland Tonight discussed the dramatic developments with sportswriter Tom English, Mark Dingwall from the Rangers Supporters Trust, football finance expert Neil Patey and former Rangers player Fraser Wishart, who is chief executive of PFA Scotland.
In this section
- Rangers take Scottish FA to court in attempt to quash player signing ban
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Alex Salmond launches campaign for a 'Yes' vote on Scottish independence
- Temperatures continue to rocket as Scotland basks in fourth day of sunshine
- Man arrested in connection with rape of teenager in Glasgow's west end
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Murder inquiry launched after 59-year-old man found dead in flat
- Three babies in hospital after E.coli outbreak at nursery school
- Man killed girlfriend with knife through the heart in row over baby
- Two ministers quit Church of Scotland in protest over gay clergy
- Venomous scorpion found 4000 miles from home by inquisitive dog
- Fire at famous Edinburgh landmark prompts scores of 999 calls



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