Rangers director Dave King believes it is "inevitable" the club will plunge into liquidation.
South Africa-based King, the only survivor from the Sir David Murray era on the board, also announced his intention to sue the former Rangers owner and criticised current Ibrox chief Craig Whyte after the Clydesdale Bank Premier League champions entered administration last month.
In a 1200-word statement, King said: "I do not believe that there is a reasonable prospect that the company can come out of administration. I believe that liquidation is inevitable."
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