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."
Green has backed the club's decision to consider a review of the decision and he revealed talks were ongoing.
"We are discussing all the options that are available to the club," he said.
The club, who are subject to an automatic SPL transfer embargo while in administration, could take the case to the Court of Arbitration for Sport or instigate civil action.
Administrators, whose legal duty is to secure the maximum return for creditors, would struggle to justify spending money on a bid to overturn a sanction that prevents the club spending money on transfers. However, the Rangers Fans Fighting Fund paid the SFA appeal costs and could continue the fight.
Rangers' case now appears to centre on the fact they believe the transfer ban, imposed as punishment to the withholding of £13million in tax payments, was not available as a sanction for the tribunal.
However, the SFA articles of association include a clause that a judicial panel can implement any sanctions they deem appropriate.
Green's meeting with the authorities on Thursday was pre-planned with several issues on the agenda.
Source: PA
