Manager Ally McCoist believes Rangers can expect the trauma of administration to continue for the "foreseeable future" after experiencing a whole host of emotions in recent days.
The Scottish champions were forced into administration over an unpaid tax bill of £9million accrued since Craig Whyte's takeover last May. This week also saw the revelation that Whyte used cash from a £24million deal with investment firm Ticketus - who bought rights to the club's future season ticket sales over several years - to complete his takeover by using the money to pay the £18million debt owed to Lloyds Banking Group.
Asked to sum up the last week, McCoist said: "It's been hectic, eventful, busy, disappointing, positive - it's had a bit of everything to be honest. I think it will continue to be like that for the foreseeable future. As you can probably imagine, it's a hectic time but we just have to meet it head on and get on with it."
He added: "It will die down eventually, I don't think there is any doubt about that. I just don't know when. There are ongoing happenings at the club in terms of administration and investigations into the purchase and sale of the club.
"If you asked me when it will die down, I don't think it will be in the immediate future. But that does not concern me at all because the most important thing is we find out exactly what's happened and where we go from here."
Administrators Duff and Phelps have yet to axe any players as part of cost-cutting measures. But director of football Gordon Smith and chief operating officer Ali Russell became the first casualties of the administration process when it was confirmed on Thursday night the pair would leave the club at the end of the month.
Asked for his reaction to their departures, McCoist said: "Extreme disappointment, as you would expect. We are a big unit here and a big family within the football club. Nobody wants to see anybody lose their job, that goes without saying.
"As a staff, we are extremely saddened disappointed to see anybody lose their job. In any business, to take the business forward, to take the football club forward, there are differences in opinion. That is totally healthy and, I think, required.
"But the one thing Ali and Gordon have always given this football club is their best and the fact they are still here would indicate, even through their own massive disappointment at losing their jobs, they are continuing to help the club, which the rest of the staff are really grateful for.
"It says a lot of the two gentlemen as men."
Source: PA
