Andrew Ellis' revelation that he is looking to complete the takeover of Rangers later this month will be met with "qualified optimism" by the Ibrox support, according to Rangers Supporters Trust spokesman David Edgar.
Rangers are just under £30million in debt and are under investigation by HM Revenue and Customs over a tax issue but property developer Ellis is pressing on with his plans to buy the Clydesdale Bank Premier League champions.
Edgar said: "I suppose you could say the news has been met with qualified optimism."
Eliss has claimed that if his reported takeover bid of £33million goes through, he will offer manager Walter Smith a new contract and also offer the role of life president to the club's owner Sir David Murray.
Ellis said: "The bid includes all the club's debt and I'm optimistic there will be serious developments in the next three to four weeks."
Edgar said that the RST will meet up with Ellis in the forthcoming weeks to seek answers to questions that are being asked by the whole of the Rangers support.
He added: "We don't know a lot about him and we couldn't find out a lot about him during the due diligence process. We had informal discussions with his representatives recently but at this stage we simply do not know enough.
"Now we look forward to hearing answers to some pertinent questions, the first one, of course, being, 'why bid for Rangers?' He has no historical connection with the club although that is not necessarily a bad thing.
"We also want to know where he sees the club in a few years' time, so there are concerns.
"But what I will stress is that Andrew Ellis has conducted himself perfectly through the negotiations. He has been doing all the right things."
Source: PA
