Papac confirms Rangers exit

04 May 2012 18:17

Bosnian defender Sasa Papac has confirmed he will leave crisis-hit Scottish giants Rangers when his contract expires at the end of the season.

The left-back has yet to find a new club but has confirmed he will quit Ibrox after six years.

He told the club's official website: "After six seasons of playing for Rangers, the time has come for me to leave my place for someone younger who will be able to contribute to new successes at the club with passion and zest."

Rangers entered administration in February and are currently the subject of a possible takeover by US businessman Bill Miller, who on Thursday was named as the preferred bidder by the club's administrators.

Tow-truck tycoon Miller was battling a rival bid by the Blue Knights consortium but is now in pole position to secure a takeover after the decision by administrators Duff and Phelps.

Administrators were called in to Rangers on February 14 after British tax authorities went to court to seek payment of an unpaid bill that had built up since Whyte took charge at Ibrox in May.

Entering administration meant Rangers were docked 10 points -- a move that effectively handed this season's Scottish Premier League title to arch Glasgow rivals Celtic, recently crowned champions.

Source: AFP