• Scottish champions owe £55.4m to creditors
• Amount due to Inland Revenue could total £79m
Rangers' debt may rise to £134m, according to a report released by the club's administrators on Thursday.
Duff & Phelps revealed in a joint administrators' report and proposals statement to creditors that monies owed by the Scottish champions stand at £55.4m.
Rangers also owe £4m to Her Majesty's Revenue and Customs for the "Small Tax Case" and could face a further bill of £75m, including interest and penalties, if they lose a dispute with the tax authorities, widely known as the "Big Tax Case".
The report showed Ticketus – which is involved in the Blue Knights bid for Rangers – to be the club's biggest creditor.
Deals agreed between the owner, Craig Whyte, and the London-based finance firm over the sale of future season tickets were worth £30.5million in total, with £26.7m still owed.
Monies owed to trade and expense creditors comes in at £5.5m, supporter debenture holders are owed £7.7m, football-related creditors are owed just over £1m and cash to be paid to HMRC – excluding the Big and Small Tax Cases – stands at £14.3m.
The 'Small Tax Case' was bought against Rangers as the result of the use of a discounted options tax scheme for payments made to players Tore André Flo and Ronald De Boer between the tax years 2000/01 and 2002/03.
The bill was initially £2.8m but rose to £4m after interest and penalty charges. According to the administrators' report: "The Small Tax Case has not progressed as far as Tribunal and has been settled based upon advice received."
Duff & Phelps also confirmed liability for the 'Big Tax Case' could be as much as £75m - as claimed by Whyte – rather than the £49m which was widely reported.
However, if Rangers do lose the dispute, which relates to the use of Employee Benefit Trusts (EBTs), the final bill is expected to be less than £75million.