Birmingham City may be given an advantage to hopes of signing Fleetwood Town striker Devante Cole - the son of former Blues forward Andy - with reports rivals Rangers are facing financial woe.

Cole junior, 22, has been linked with both clubs after scoring 12 times in 30 appearances in League One this season.

He previously came close to joining Sheffield United in the summer transfer window.

However, reports are rife of financial troubles at Rangers, with bookies suspending betting on the club returning to adminitration.

That stands to hand an advantage to Blues, who are desperate for more firepower to stay in the Championship.

The striker will be available in a cut-price deal this month with his contract set to expire in the summer.

Fleetwood are wary that they won't be able to command significant compensation if he was to see his deal out as the player only joined the Cod Army two years ago.

However, Blues aren't the only team reportedly chasing Cole's services with Sheffield United also said to be back in for Cole, as are Ipswich Town, Reading and League One title favourites Wigan Athletic.

Blues boss Steve Cotterill is hopeful of adding firepower to his ranks this month and wants a speedy striker to replace the injured Isaac Vassell.

Meanwhile, bookmakers have suspended betting on Rangers to be relegated from the Scottish Premiership top flight this season after a flurry of activity.

Oddschecker spokesperson George Elek said: "There has been some strange goings on in the betting world.

"Here at Oddschecker, we’ve seen a huge spike in bets on Rangers to finish bottom, a ridiculous bet when you consider how far off the drop they are.

"However, with rumours starting to circulate on social media, and bookmakers suspending markets, it is easy to see how the story is starting to gather pace."

More Blues news

The consequences of Birmingham City’s recent transfer speculation have been laid bare by a report from an accountancy firm.

Mazar has analysed the club’s most recent accounts - which cover up to the end of June 2017 - and revealed just how ‘critical’ Blues’ dependence on Trillion Trophy Asia’s money has become.

The report, put together by Mazars director Keith Morgan points to a financial position in which losses nearly trebled and ‘future trading prospects look difficult’.

Following TTA’s involvement Blues have gone from working on a relative shoestring of a budget during the Carson Yeung years, to being far more competitive in terms of transfer fees and wages.