RANGERS have been placed on a UEFA watch list amid warnings over financial fair play rules.

The Ibrox club have been alerted that they will be closely monitored to ensure they comply with European football's new club licensing regulations.

Rangers were able to fulfil UEFA's "break even" requirement in the season just gone. 

However, the governing body revealed this was only the case because of Covid-19 measures or positive historical results.

Rangers have been named among 19 other European clubs on the list documented by UEFA.

All have been warned going forward and told that "exceptional factors" will no longer be taken into account from 2023 and thereafter.

A statement reads: "Finally, the CFCB [Club Financial Control Body] First Chamber also observed that another 19 clubs that took part in the 2021/22 UEFA club competitions, namely Borussia Dortmund (GER), Chelsea FC (ENG), FC Barcelona (ESP), FC Basel 1893 (SUI), 1.FC Union Berlin (GER), Fenerbahçe SK (TUR), Feyenoord (NED), Leicester City FC (ENG), Manchester City FC (ENG), Olympique Lyonnais (FRA), Rangers (SCO), Real Betis Balompié (ESP), Royal Antwerp FC (BEL), Sevilla FC (ESP), SS Lazio (ITA), SSC Napoli (ITA), Trabzonspor AŞ (TUR), VFL Wolfsburg (GER) and West Ham United FC (ENG), were able to technically fulfil the break-even requirement thanks to the application of the COVID-19 emergency measures and/or because they benefited from historical positive break-even results (T-3 and T-4).

"The CFCB First Chamber reminded these clubs that as from financial year 2023 these exceptional COVID deductions and consideration of historical financial results will no longer be possible. 

"These clubs were further asked for additional financial information and will be monitored closely in the upcoming period. 

"The goal of course is that the clubs’ overall financial situation is in compliance with the UEFA Club Licensing and Financial Sustainability Regulations – Edition 2022 in coming years."