A meeting to discuss new financial fair play rules for the Scottish Premier League which could have major implications for the future of Rangers has been adjourned after clubs asked for further "clarity" over the proposals. The clubs will meet again a week today, although SPL chief executive Neil Doncaster said there’s no indication whether a vote will be taken on 7 May.

Representatives from all 12 member clubs met at Hampden to discuss increasing the points penalty for teams entering administration from 10 points to 15. Clubs applying for re-entry to the SPL as a 'newco' would also be docked ten points for two seasons and could lose up to 75% of league income. Proposals to change the voting structure to a 75% majority from the current 11-1 structure required for certain resolutions were also delayed.

The changes were drafted after Rangers went into administration in February amid debts which could eventually rise to £134m. The Ibrox club were docked 10 points and the proposed amendments would see Rangers kick-off next season with a 15-point deficit unless they come out of administration before then. Rangers have also appealed against a £160,000 fine and a season-long transfer embargo imposed by the Scottish Football Association last week for bringing the game into disrepute.

The most significant proposal involves clarifying the process for any club wanting to form a new company, a so-called ‘newco’ and applying for the old company’s member share to be transferred to a new entity. Speaking after the meeting Doncaster said it was important "not to do anything today which might have long-standing consequences.”

"Clubs felt that this was a sensitive time within Scottish football and that it was important to allow a little bit of time to elapse to allow more clarity to come forward and to do nothing at the moment that may prejudice any decisions that are going on in the background."

Doncaster also made clear that any application by Rangers to transfer their share to a newco ahead of any proposed vote would be dealt with under the SPL's current articles of association. At present, the SPL board would vote upon any application to move a share to a newco, while also holding the right to impose any sanctions.