The Scottish Football Association (SFA) have deemed Rangers owner Craig Whyte unfit to hold a position in football following an independent inquiry.
SFA chief executive Stewart Regan also confirmed that the SPL club themselves could face charges for bring the game into disrepute due to a failure to pay money to Dundee United after a Scottish Cup tie.
The findings of the independent inquiry were revealed at Hampden Park following a special board meeting on Thursday and will now be referred to the Judicial Panel.
A statement by Regan said: "Principally, it is the belief of the [FA] board, taking into account the prima facie evidence presented today, that Mr Craig Whyte is not considered to be a fit and proper person to hold a position within association football.
"We will be writing to Mr Whyte in relation to those findings and shall seek a response within seven days. The report submitted by Lord Nimmo Smith, having been considered fully by the board, highlights a number of other potential rule breaches by the club and its owner.
"The report will now be used as evidence and forwarded to a judicial panel for consideration and determination as per the protocol."