Charles Green has offered Walter Smith a leading role in The Rangers Football Club after a dramatic last-minute bid from the former Ibrox manager threatened to undermine the viability of his new regime.
Green completed his Â£5.5million purchase of Rangers` assets on Thursday hours after the 140-year-old club was officially consigned to liquidation but remained under pressure, with the Rangers Supporters Trust calling on fans to hold off buying season tickets and one of Smith`s partners, businessman Jim McColl, urging him to sell immediately.
Green called an impromptu media conference at Ibrox to appeal for unity and deny reports he was planning to replace manager Ally McCoist, saying: "If Walter Smith wants to be chairman of the football club board, I`ll appoint him at nine o`clock tomorrow morning."
He went on: "The issues that I read in newspapers today about Ally, it`s all rubbish.
"The reality is Walter and Ally are big pals. I`m nothing to Ally, don`t expect to be. If there is a chance that Walter is going to put a bid together, Ally would support Walter and that`s what I would expect.
"But the reality is there is no benefit to Rangers now to having these groups.
"If Walter, Jim McColl, Douglas Park, Uncle Tom Cobley want to be an investor in this club, this man (financial partner Imran Ahmad) will take cheques off them and put it in Rangers` bank account. They can come on the board and be party to what we`re doing.
"What we`re not going to do is sit around and wait because if we hadn`t come along, this club would have closed. The administrator couldn`t run it forever and no-one put money on the table like we did."
Smith had earlier revealed his plan to ensure everything "magical about Rangers Football Club is protected and nurtured back to good health and provide a platform for Rangers for generations to come".
He added: "The supporters should be under no illusion that it will be extremely hard but with their support we can overcome financial hardship that lies ahead by lending their support to what we feel is the correct way forward - for Rangers people who know the club inside and out to control its destiny."