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Rangers have transfer ban appeal denied
Glasgow, Scotland (Sports Network) - Rangers' appeal of a one-year transfer ban handed down by the Scottish Football Association was denied, leaving the crisis-hit club in even more trouble.
Rangers was forced to enter administration last season, was docked 10 points and lost the Scottish Premier League title to rival Celtic. Then in April, it was fined about $250,000 and given the one-year transfer ban.
Owner Craig Whyte was also banned for life, and the club is in the process of finding a new owner.
Rangers sought to overturn the transfer ban, which could hurt the club in the long term, but an Appellate Tribunal denied the request.
Former Sheffield United CEO Charles Green heads a group that had an offer to buy the club accepted Sunday, and said on the Scottish club's website the transfer ban will not stop the takeover.
"When we offered to buy the club, we realized what the potential was (for the transfer ban)," Green said.
05/17 16:24:30 ET
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