Rumour Mill: Rangers| Hibs| Celtic| Craig Gordon

James McPake has hit back at his internet critics. Picture: Robert Perry

Rangers cash warning

Rangers could face further financial trouble if they don’t reign in their spending.

Writing in The Herald, Michael Grant warns that the Ibrox club, who have made the most off-season signings in Scotland, cost around £1.5m to run per month, but only £1.1m is coming in.

• Rangers’ exile from European competition will not change with the formation of a new league set-up.

Uefa rules say any club wishing to compete in Europe must be able to provide audited accounts over a three-year period - something Rangers last did in 2010. (Scotsman)

McPake hits back

Hibs captain James McPake has hit back at rumours that he was set to retire through injury this summer, calling the internet critics “a joke” and a “shambles”.

McPake was devastated to miss Hibs’ Scottish Cup final in May, watching as the Easter Road side were beaten 3-0 by Celtic. (Scotsman)

Celtic eye trio

Celtic boss Neil Lennon isn’t done yet with his summer signings, as the Hoops go on tour in Germany.

The manager is already eyeing three more targets as Victor Wanyama looks set to head to Cardiff. Steven Mouyokolo and Kevin Doyle are thought to be among those on his list. (Daily Express)

• Norwich are looking to grab Celtic’s Gary Hooper for £4.5m.

The offer is lower than their previous bid of £8m (Sun)

Killie let Idris go

Nigerian defender Papa Idris has had his contract ripped up by Kilmarnock after he failed to even play a single game for the club.

It is claimed that the player was signed on the orders of chairman Michael Johnston without a medical exam, and was thought to be carrying a knee injury. (Daily Mail)

Gordon in jabs bid

Former Hearts keeper Craig Gordon is flying to Spain for a series of injections which he hopes will let him play again.

Gordon has been training with Rangers and has been troubled by a knee complaint which has kept him out of action. (Sun)

SFL chief gets £100,000

The lengthy talks to form the new SPFL were almost ruined after it was realised that a £100,000 bonus was due to be paid to SFL chief David Longmuir.

The details only became known when lawyers demanded full access to records of the SFL’s financial dealings. (Daily Record)