Finance expert Kieran Maguire has been left stunned by some news that he has now heard from Glasgow Rangers.

The Lowdown: Accusations

As per a press release from the Government, the Ibrox club have allegedly broken competition law by fixing the retail prices of certain Gers-branded clothing products.

This was in conjunction with both Elite Sports and JD Sports in 2018, and all three parties can expect to face fines if found guilty.

The Latest: Maguire stunned

Speaking to Football Insider, Maguire – who also contributes for Sky Sports – was left stunned when he heard the news, claiming that it is ’embarrassing’ for Rangers.

He said: “The reason behind this is to try and match the revenues and monies for all parties involved.

“We don’t know who was the ultimate driver for this, but it is embarrassing for all involved. It’s not something they will be happy to have to deal with given the success they had in getting to the Europa League final.

“Rangers merchandise flies off the shelves. However, if other retailers want to sell it at a discounted price, they should be able to do so.”

The Verdict: Anxious wait

There will now be an anxious wait for Rangers over whether they are found guilty of price-fixing, which in turn could potentially see them heavily fined, and lose the trust and respect of various outlets and manufacturers.

Of course, they will try to fight their corner on these accusations, but it is not looking good at the moment.

Nonetheless, Giovanni van Bronckhorst’s team will want to put any sort of background noise like this behind them for now, as they look forward to returning for pre-season after a long campaign and head into the new term as prepared as they can be.

In other news, find out who is now keen on signing this Rangers dud