QUICK NEWS 4am Update Feb 2, 2012

Yours For A Pound! Did  Craig Whyte buy RFC for a £1 with a Payday Loan? (www.philmacgiollabhain.ie)

Rangers Boss Fails To Convince Board to Sanction Signings. Ally leaves Ibrox clutching his injury list. (STV)

Is It Unthinkable That Rangers Could Cease To Exist As A Football Club? Administration? Liquidation? This is really getting serious…. (Herald Scotland)