Police have begun an investigation into the takeover of Rangers by businessman Craig Whyte, who was in charge when the Scottish club went into administration earlier this year.

Whyte bought an 85 per cent stake in the debt-laden club for just one pound from David Murray last year, but in February the administrators had to be called in over unpaid taxes.

Rangers is now under new ownership but it is not known which division the Glasgow club will play in next season as it could be relegated one notch to Scotland's first division or may have to start afresh in the lowly third division.

The 54-time champions need the blessing of seven other clubs to be readmitted to the Scottish Premier League, who are due to give their decision on July 4.