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"We have agreed terms with an investor at the moment and we are still working through that," said Fitzpatrick, who rescued the team from administration in time for the 2015 season.
They had begun the process of coming out of administration in time to miss the points penalty.
BBC Scotland also understands Rangers are unlikely to be out of administration in time to be eligible to play in European football next season.
Gretna were the last senior Scottish club to go out of business, suffering relegation from the SPL in 2008 while in administration, being demoted to Division Three but being unable to come out of administration in time to continue in the league.
Sen. Lindsey Graham (R-S.C). said on Sunday that he doubts Republicans will be able to reach a budget deal with the Obama administration in time to avoid going over the "fiscal cliff" on Jan . 1
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"This administration, in times of crisis, has really put out its own image from its own employees," said Chuck Kennedy, a Knight Ridder photographer who has covered the White House since Ronald Reagan's last term.
Finally, both measures are self-administered and consist of a small number of items (below 30 total items), which facilitate administration in time-sensitive clinical settings.
But American Presidents have in the past been flexible enough to broaden their Administrations in times of international crisis.
Since Sept. 11, the Bush administration, like previous administrations in times of national security crisis, has claimed that exigency trumps ordinary procedure.
On the other hand, its short half-life necessitates its frequent administration in short time lapses.
"They're going to have to deal with me," he said of the Bush administration in a Time magazine interview in September 2003.
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