Charles Green has signalled his intent to push through with a takeover of Rangers despite confirmation of a transfer embargo - but he revealed the club were still assessing a possible challenge to the Scottish Football Association sanctions.
An SFA appeal tribunal has upheld the judicial panel's ruling that Rangers be fined £160,000 and banned from registering players aged over 17 for 12 months.
The former Sheffield United chief executive met officials from the SFA and Scottish Premier League at Hampden on Thursday, and told reporters outside: "When we offered to buy the club, we realised what the potential was. Last night's announcement was an option that we had considered."
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