GLASGOW (AP) ― Glasgow Rangers were barred from signing players for a year and their owner banned for life from any involvement in Scottish soccer as part of a series of punishments imposed Monday on the financially troubled club.

The record 54-time Scottish champions went into administration ― a form of bankruptcy protection ― in February with tax debts of $14 million accrued following Craig Whyte’s takeover last May.

A disciplinary tribunal found Whyte in breach of two disciplinary rules between May 6, 2011, and March 6, 2012 and fined him $320,000. Six weeks ago, he was described by the Scottish Football Association as “not a fit and proper person” to be involved in the sport.

The yearlong transfer embargo was placed on the club after it was found to have breached five disciplinary rules in the same period. The ban excludes signing players under the age of 18.

Rangers, which was also fined a total of $260,000, is facing liquidation if it doesn’t find a new buyer before the end of the season.