Rangers’ financial position is in a “fragile” state, major shareholder Sandy Easdale claimed yesterday.

Ibrox chief executive Graham Wallace is due to release the findings of his 120-day review into the League One champions’ books today.

But Easdale — the chairman of the club’s football board — spoke out a day early to admit the picture is not bright and said he was not sure if the club will enter administration for a second time.

He said: “At the end of the day, the club is at a crossroads at the moment and a fragile position.

“It can either go forward with a strategic view, with a long-term view, steady as she goes, or be pulled apart in other directions.”