London: Glasgow Rangers have been banned from signing players for 12 months while their owner Craig Whyte has been banned for life from any involvement in Scottish soccer as part of a series of punishments imposed on Monday on the financially troubled club.
The Scottish Football Association also fined the Glasgow club, who are in administration, £160,000.
Rangers are also facing liquidation if they don’t find a new buyer before the end of the season.
Whyte, who was charged with not being a fit and proper person to be a director, faces fines of £200,000.
“It doesn’t affect my life, I’m just disappointed what it does to Rangers. It’s an outrage,” Whyte told BBC Sport.
He was charged with three different rule breaches and found guilty of two, with the other “not proven”. Rangers were charged with six breaches, with five guilty verdicts and one “not proven”.
The transfer embargo means they can only sign players under the age of 18 for the next year.