Ally McCoist insists Rangers have now been punished enough.

The Gers are still paying for their financial difficulties, and have now been told that a transfer embargo will be placed on them from September 1.

This is the latest in a list of punishments handed out to the Ibrox Stadium club, and McCoist feels it is now time to say enough is enough.

"It is important to remember we have already had a 10-point deduction from the SPL, lost our Champions League place for finishing second last season, had a £160,000 fine, been refused entry to the SPL, been relegated to Division Three and lost the majority of our first-team squad - yet still the governing body has chosen to impose further sanctions,” he said.

"The transfer ban has been strongly resisted by me, the management team, the directors and supporters. From a business point of view I can understand the position the board has been placed in and ultimately they felt they had no choice but to accept some sanctions in order to move forward - as one of the alternatives could have led to the extinction of the club.

"I can also assure every Rangers fan I will not be accepting any talk of stripping the club of titles. That is something we will never accept and everyone at the club shares this view. This is still Rangers Football Club and the supporters will continue to back us as they have always done. There will be difficult times ahead but I know with the support of our fans we can emerge stronger and rise to the challenge.”