Rangers have been hit with a 12-month embargo on signing players and owner Craig Whyte has been banned for life following a Scottish Football Association hearing into the club's financial affairs.

Administration-hit Rangers have also been fined a total of £160,000 while Whyte, who had already been deemed unfit to hold an official position in the game by the SFA, was handed fines totalling £200,000.

The SFA said their judicial panel would issue reasons for their findings in "early course" while both parties have three days to appeal following receipt of those reasons.

Rangers received their registration embargo and a £100,000 fine for breaching rule 66 - bringing the game into disrepute.

They received a £50,000 fine for going into administration and were fined £10,000 for failing to "procure" that Whyte acted within rules concerning fit and proper officials. The Gers chairman failed to notify the SFA that he had been disqualified as a director for seven years in 2000.