Rangers' administrators from London firm Duff and Phelps will hold a meeting with manager Ally McCoist and the club's players today.

Fears are growing that a number of players will have to be released from the club as the administrators begin a huge task of solving the Scottish side's financial woes.

The London firm were appointed by the SPL champions when the club fell into administration on Tuesday.

A spokesman said: "[Joint administrator] Paul [Clark] will be outlining the administration process. There will be a review of staff, including playing staff. That will take its course."

The spokesman went on to say that there would be "no immediate cuts in the playing staff".

Rangers owner Craig Whyte was reportedly spotted in London yesterday to carry out business regarding the troubled club.