The Rumour Mill: Tuesday's football news and gossip Published on Tuesday 24 April 2012 14:47 Fines for Whyte and Rangers, Miller emerging favourite to take helm at Ibrox and Lafferty in bust up with McCoist. Rangers owner Craig Whyte has been banned for life from involvement in Scottish football and fined £200, 000 but has vowed not to hand over the money to the SFA The Ibrox club have been prevented from signing any players for the next 12 months and fined £160,000 for breaking SFA rules Administrators warn "draconian" sanctions could put off buyer The Sun reports that Rangers owner Craig Whyte has demanded the following conditions before he agrees to hand over his shareholding in the club: Four seats at Ibrox for life He should retain some shares and have a representative on the board Duff and Phelps should drop all legal claims against him He is offered first refusal on any future sale of the club Bill Miller is understood to be seeking clarity on the point sanctions that would be enforced by the league on Rangers should a "Newco" be started up Aberdeen to offer Langfield new contract Dons boss Craig Brown is to offer a new contract to keeper Jamie Langfield, eleven months after he suffered a brain seizure at his home. Celtic debut star Watt hands Airdrie cash boost Airdrie United will receive a cash windfall from Celtic after Tony Watt made his debut against Motherwell at the weekend. The Parkhead club paid £80,000 for the youngster however add-ons were included in the deal based on appearances and goals scored. Kyle Lafferty in fall-out with McCoist Rangers striker Kyle Lafferty is understood to have played his last game for the Ibrox club following a bust-up with manager Ally McCoist. It is understood the row stemmed from Lafferty being asked to be included within the squad for Hearts at the weekend. The Ulsterman has been sidelined with a hernia problem which requires surgery. Watt in line for Old Firm debut Celtic teenage sensation Tony Watt is liklely to be in the squad when his side take on Rangers on Sunday, reports the Express. Sheffield Wednesday interested in Loovens Owls manager Dave Jones is interested in making a move for Celtic defender Glenn Loovens if his side can clinch a return to the Championship. Manuel Pascali is close to agreeing a three-year deal with Kilmarnock