Published Thursday, 19 July 2012
Celtic coach Neil Lennon. (© Getty)
The Ibrox club could face such action if an SPL investigation finds them guilty of signing players on illegal contracts.
Lennon's Hoops were runners-up to their Old Firm rivals in all five of their league wins and he wants to have the wins awarded to them, instead of the competitions simply declared null and void.
"I wouldn't want the medals - just the recognition. That would be enough," Lennon told the Daily Mail.
"At that time though, it might have cost players contracts or bonuses, managers their jobs, and might have relegated teams. There are so many ripple effects to it."
The comments come as talks continue between Rangers chief executive Charles Green and the Scottish Football Association over the restrictions under which the newco could be allowed to play football in the new season.
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