Former Rangers chief executive Charles Green is to stand down from his role as a paid consultant at the club and plans to sell his shares in the Ibrox outfit.
The Glasgow side's board was due to meet on Tuesday to discuss sacking the Yorkshireman from the post which he was only appointed to on August 2.
But he has now decided to go before he was pushed and has promised Rangers investor Sandy Easdale first refusal on the 7.7 per cent stake in the club he currently owns.
In a statement given to Press Association Sport, Jack Irvine - spokesman for The Easdale family - said: "Charles Green has given first refusal of his shares to Sandy Easdale as he promised. Sandy may take all or some of the shareholding depending on the strategic requirements of other potential investors. "