Rangers owner Chris Whyte has admitted that the Glasgow club faces a "crisis situation" over their ongoing tax dispute.

The Gers are facing a £49m tax bill related to two separate issues from before Whyte's takeover with HM Revenue & Customs.

Rangers have reportedly not paid a £2.8m tax bill that emerged in April and are disputing a fine that goes with it. The whole tax tribunal is what could cost the club £49m.

"What we have to remember is that Rangers are in a crisis situation. It's a hard thing to live with. I think we need to get finality on it," said Whyte.

The businessman also appeared to suggest that Rangers may not appeal if a decision went against the club.

He said: "Since the very start of the process, I have had plans for all eventualities. I didn't come into this with my eyes closed.

"We need to move forward and, even though it may be a tough process, we must try to remove the uncertainty that is hanging over us. The club is paralysed right now."

Despite all the financial problems at Ibrox, Rangers currently sit top of the SPL, seven points clear of Motherwell.