Rangers appear to be on their last legs, with the highly likely inability shame of them failing to pay the wages of the playing staff next month.
Former director Imran Ahmed’s court win last week in which £620,000 of the club’s finances were effectively frozen has left the directors scampering around seeking out a potential new cash cow.
It really is nigh on impossible to see a way out of this mess for Rangers.
Mike Ashley is the potential white knight, though he appears to have the club in a position where he can dictate to them how much exactly he is prepared to invest.
The possibility of the Newcastle United supremo becoming the major benefactor and subsequently the man assuming the authority of owner of the club has been greeted with alarm.
Ashley or administration?
The choices facing Rangers are not exactly mouthwatering, but he is the only man who can dave the club.