22 h 13 min, 22 juin 2012 ans - Motherwell say they could face administration if they cannot "replace significant amounts of income" once the status of the Rangers newco is decided.

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Scottish Premier League clubs will vote on whether Charles Green's newco should replace the old Rangers in the league.

The Fir Park club expect to lose money regardless of the outcome of the vote.

"The club could be facing an insolvency event," fans were told as they were on the newco issue on 4 July.

"Following new rules recently introduced at [the] SPL, this would lead to a 21 point deduction, being one third of last year's total.

"The board is of the view that whatever decision is made on the newco vote by the SPL clubs, the financial position of Motherwell Football Club will suffer.

"On a purely financial basis, a 'Yes' vote would likely preserve commercial revenues, however the impact on gate receipts is unclear.

"The risks presented by a 'No' vote are slightly easier to quantify insofar as gate receipts are concerned, but even then are extremely uncertain given we do not yet know what the SPL commercial partners will decide.

"There are clear risks to the financial stability and very future of this club presented by the current situation."

The 'guidance document' which accompanied a ballot paper sent to fans also indicates that prices and attendances may need to be increased should the club face "serious financial difficulty".

https://www.bbc.co.uk/sport/football/18564685

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