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Mastermind in Celtic takeover says Rangers can survive

RANGERS could still be saved and sold at a bargain price, the financial analyst who plotted the 1994 takeover of Celtic said last night.

The Ibrox club's move into administration has intens-ified fears about its future but David Low, who helped Fergus McCann oust the Parkhead board, said he believes Rangers have a future beyond the current crisis.

Duff and Phelps, a London-based company, were appointed as administrators yesterday, triggering a clause that means the 6807 fans who bought debentures in the club deck at Ibrox in 1990, at prices ranging from £1000 to £1650, are due their money back.