Stewart Regan, the Scottish FA Chief executive, has today provided an update on the progress of the Independent Inquiry into Rangers FC chaired by The Right Honourable Lord Nimmo Smith.

"We are now in the final stages of our independent inquiry into the situation concerning Rangers FC. The report by The Right Honourable Lord Nimmo Smith is expected to be completed next week and will go to a Special Board Meeting for consideration.

"It would be inappropriate to make any further comment at this stage in relation to the details gleaned from the inquiry, the potential contents of the report or any possible sanctions.

"We are, however, aware of the most recent allegations made against Rangers FC today by a former director of the club. We shall investigate this matter thoroughly before making any further comment."