Rangers have announced that 10 employees have been made redundant with more expected out of the door as the Ibrox board makes sweeping cost-cutting measures.
The playing and coaching staff, who take up most of the wage bill at the Championship side, are unaffected with the administrative staff taking the brunt of the redundancies.
With Rangers living financially on a month to month basis, and reliant on emergency loans from shareholder and Newcastle United owner Mike Ashley, the board are taking drastic measures to cut overheads.
Meanwhile, outspoken South African based businessman Dave King, has called on Rangers supporters to starve the club of money.
King said: “The future of the club depends on every fan now taking a stand.
“I truly hope that those fans that continue to blindly support the club (for the right reasons) finally realise that 140 years of the club’s history will be irretrievably lost unless they withhold their financial support for the current regime at matchdays and the retail outlets.”
It has also been reported that following last week’s arrest of Duff & Phelps trio David Grier, Paul Clark and David Whitehouse, along with former Collyer Bristow employee Gary Withey; as well as the issuing of an arrest warrant for disgraced former Rangers owner Craig Whyte, police are investigating Charles Green’s consortium purchase of club assets for £5.5 million in 2012 after a CVA was rejected by the Ibrox side’s creditors.